15/10/2024 Daily Reports
The yen is on the brink of hitting 150 against the dollar, reigniting fears of intervention! After a sharp decline, investors are now on high alert for potential action from Japan’s government, especially after recent statements hinting at growing concerns. The yen’s weakening trend, coupled with robust U.S. economic data, has widened the interest-rate gap between the U.S. and Japan, fueling speculation of further depreciation. With warnings of market intervention if the yen falls too far, will Japan allow this critical threshold to be crossed?
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Will the Euro Bounce Back? All Eyes on ECB and U.S. Data
The euro just hit a two-and-a-half-month low against the dollar, but could a comeback be around the corner? Investors are waiting for Thursday’s European Central Bank meeting, expecting yet another rate cut. The growing gap between eurozone and U.S. rates has weighed heavily on the euro, but with the currency now at lower levels, some are wondering if it’s primed for a rebound. If the ECB doesn’t surprise with a big move, upcoming U.S. data could be the real game-changer for EUR/USD in the coming weeks. Could this be the start of a reversal?
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