Forex

USD/JPY could creep back to the 158.50/159.00 if the Fed hawkish today, said analysts at ING.

"Reports emerged yesterday that the Bank of Japan's intervention on Monday could have been towards the high side of expectations at JPY5.5tn or around $34bn. This is based on calculations from the BoJ's current account balances and the net drain of yen funds as FX operations were settled. As Francesco Pesole discussed yesterday, this will be part of a new campaign for Japanese... (continue reading...)

Investing.com - Aggressive movements in the Japanese yen this week, largely versus the U.S. dollar, have prompted talk of official intervention. While this could be seen as a sign of extreme dollar strength, UBS pointed to yen weakness, saying the dollar offers more upside on a broader scale. 

“The past week has been a consequential one for USDJPY,” said analysts at UBS, in a note dated May 1, as the Bank of Japan stuck to a dovish tone at its meeting, resulting in... (continue reading...)

Investing.com - The U.S. dollar edged higher Wednesday, climbing towards its highest level in November ahead of the conclusion of the latest Federal Reserve policy-setting meeting.

At 04:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 106.240, after earlier climbing as high as 106.380, near the 106.51 mark that would be the highest since Nov. 1. 

... (continue reading...)

Investing.com-- Most Asian currencies kept to a tight range on Wednesday, while the dollar came close to a six-month high as anticipation of a Federal Reserve meeting kept traders largely biased towards the greenback.

This saw the Japanese yen weaken even after suspected government intervention sparked a sharp rebound in the currency earlier this week. 

A slew of regional holidays in Asia, for Labor Day, also kept most regional currencies treading water. 

By Chuck Mikolajczak

NEW YORK (Reuters) - A gauge of global stocks fell on Wednesday while the dollar weakened against a basket of peers after the Federal Reserve left interest rates unchanged and indicated it is still leaning toward eventual rate cuts.

But the U.S. central bank put a red flag on recent disappointing inflation readings and suggested a possible stall in the movement toward more balance in the economy.

The... (continue reading...)