The Japanese yen leads gains in today’s FX session amid uncertainty over the size of the expected Fed rate cut and BoJ bankers’ continued willingness to continue the rate hike cycle. USD/JPY is down 0.7% and is breaking out to levels not seen since January of this year.
Options positioning continues to support the yen’s gains, although the extent of USDJPY hedging has been decreasing since early August. Source: Bloomberg Financial LP
The spread between Japanese and US interest rate expectations has undermined the long-standing USDJPY carry trade, triggering a slide in USDJPY. The renewed expectation of a 50 basis point US rate cut next week is putting further pressure on the dollar, strengthening the Fed’s heavily policy-dependent yen. Source: Bloomberg Financial LP
USDJPY breaks to the lowest levels since early 2024. Source: xStation
ملخص يومي - ارتفاع وول ستريت مدفوعًا بوعود باول
ميران، عضو مجلس الاحتياطي الفيدرالي، يُشير إلى خفضين إضافيين لأسعار الفائدة هذا العام وعملية انكماشية
إدراج أسهم إليك القابضة في سوق دبي المالي
السعودية تستهدف أن يكون 50 % من الناتج المحلي غير النفطي مصدره الصادرات
