USD flows: USD slips lower on higher initial claims

May 9, 2024 1:04 PM UTC

Initial claims highest since August, USD lower with yields

GBP flows: GBP weakens as 2 MPC members vote for a rate cut

May 9, 2024 11:19 AM UTC

UK rates left unchanged, but deputy governor Ramsden joins Dhingra in voting for a cut.

JPY flows: JPY still soft despite hawkish BoJ

May 9, 2024 6:35 AM UTC

Boj sounded hawkish, but JPY softer as cash earnings disappoint. 

USD/JPY flows: Continue to be higher after BoJ summary of opinion

May 9, 2024 5:59 AM UTC

BoJ summary of opinion shows more hawkish members
But March wage data disappoints

SEK flows: SEK lower after Riksbank cut

May 8, 2024 7:52 AM UTC

Riksbank cut rates as most expected, and guide for 2 more cuts this year. SEK lower, but remains at low levels and has scope to rally.

EUR, JPY, SEK flows: Firm USD tone hard to justify, SEK in focus

May 8, 2024 6:52 AM UTC

USD firm overnight without an obvious rationale. German production data EUR positive. JPY softening but BoJ risks rising. Riksbank meeting in focus.

EUR, JPY flows: EUR edges lower, JPY decline overdone

May 7, 2024 6:51 AM UTC

Slight EUR weakness after German orders data unlikely to extend far. JPY decline this week looks overdone

USD/JPY flows: Grinding higher

May 7, 2024 3:57 AM UTC

Japan chief cabinet secretary Hayashi has no comment on currency intervention
Japan's Kanda says no comment on Yellen's comments on FX

USD/JPY Flows: JPY Consolidation with Mixed Views

May 6, 2024 2:06 PM UTC

JPY has stablised in U.S. trading, with near-term views in the market mixed. 

GBP/USD Flows: GBP bounce but BOE Risks Still on Thursday

May 6, 2024 9:05 AM UTC

GBP has pushed higher on short-covering, but the BOE meeting could have dovish hints still on Thursday. 

EUR/USD Flows: Sideways but Policy and Ukraine in Focus

May 6, 2024 7:17 AM UTC

Quiet conditions with the UK closed, but some focus on Fed and ECB prospects. 

USD/JPY flows: Up a Figure on another Japanese holiday

May 6, 2024 4:12 AM UTC

USD/JPY up a figure 

USD flows: USD knocked lower by weaker US employment report

May 3, 2024 12:48 PM UTC

US emplyoment report only modestly weaker than expected, but weaker in all categories, JPY benefiting the most, but scope for USD losses elsewhere as well.

NOK flows: NOK higher after Norges Bank

May 3, 2024 8:16 AM UTC

Norges Bank  statement a little more hawkish than expected - NOK edges up

JPY, NOK flows: USD/JPY under pressure, NOK has scope to recover

May 3, 2024 6:48 AM UTC

BoJ squeezing out JPY shorts. Norges Bank could provide NOK support

USD/JPY flows: Dip buyers taking a break

May 3, 2024 5:45 AM UTC

Dip buyers look to take a break before the end of week

USD flows: USD softer after FOMC and BoJ raid

May 2, 2024 6:50 AM UTC

USD falls back with US yields with BoJ amplifying JPY strength

USD/JPY flows: BoJ Hit it When It is Weak

May 2, 2024 3:31 AM UTC

Another potential intervention in Asia time when only New Zealand market is opened
Another five figure drop

USD flows: USD edges lower after softish ISM

May 1, 2024 2:23 PM UTC

Softer ISM follows similarly soft S&P PMI but focus still on FOMC

USD flows: USD firms slightly after ADP but focus on ISM and FOMC

May 1, 2024 12:24 PM UTC

Marginally stronger than expected ADP employment won't change expectations for Friday's employment report. More scope for movement on ISM, but in practice a fairly steady market likely before the FOMC.

USD flows: USD firm but risks to the downside

May 1, 2024 7:03 AM UTC

USD gains since the employment cost index put it at levels that look vulnerable

USD/JPY flows: Slowly grinding higher

May 1, 2024 5:48 AM UTC

USD/JPY quiet but upwards

USD flows: USD gains on stronger employment cost index

April 30, 2024 1:03 PM UTC

Employment cost index pushes US yields and the USD higher

EUR flows: EUR stays steady despite strong GDP

April 30, 2024 8:33 AM UTC

Eurozone GDP beating consensus, suggesting upside risks for EUR

EUR flows: EUR soft despite stronger data

April 30, 2024 6:55 AM UTC

French GDP and German retail sales on the strong side, but EUR/USD initially soft. But little reason to move away from 1.07.

USD/JPY flows: Relatively quiet

April 30, 2024 4:48 AM UTC

USD/JPY relatively quiet  on Tuesday after Monday's intervention

USD/JPY flows: BoJ Back in the office

April 29, 2024 4:52 AM UTC

USD/JPY slumped from 159.60 to 155.9 currently
Looks like intervention

USD/JPY flows:Longs taking advantage of Japan holiday

April 29, 2024 2:43 AM UTC

USD/JPY jumped two big figures after opening lower
Buyers taking advantage of Japanese holiday and lack of signal for intervention

USD flows: Mild relief after PCE

April 26, 2024 1:10 PM UTC

Not much FX reaction to PCE data

JPY flows: Sharp JPY rally might be intervention

April 26, 2024 8:37 AM UTC

USD/JPY fell 170 pips in a few minutes, suggesting potential intervention, but this is unconfirmed. If this is intervention more is likely to be required if JPY weakness is to be stopped, but some stability may now be seen until the US opens.

JPY flows: New JPY lows after BoJ meeting

April 26, 2024 6:52 AM UTC

There was no indication of further imminent tightening from the BoJ, and this led to new JPY lows. But US yields continue to be the main driver of JPY weakness, and overnight JPY decline may consequently be overdone

USD/JPY flows:No change in rates but revised CPI higher

April 26, 2024 4:02 AM UTC

The BoJ decided to keep rate at 0-0.1%. 
2024 ex fresh food CPI is revised to 2.8% from 2.4%, 2025 from 1.8% to 1.9%
Tokyo CPI lower 

USD flows: USD up slightly after GDP

April 25, 2024 12:52 PM UTC

Market focusing on higher PCE deflator and solid domestic growth so US yields and the USD modestly higher

GBP flows: GBP benefiting from risk positive tone

April 25, 2024 9:16 AM UTC

GBP rising this morning in general risk positive market. BHP-Anglo takeover deal unlikely to be relevant

SEK flows: SEK upside potential after strong economic tendency survey

April 25, 2024 7:27 AM UTC

SEK has potential to rally with economic tendency survey suggesting recovery is underway

JPY flows: JPY weakness intensifies, intervention possible, but...

April 25, 2024 7:07 AM UTC

JPY weakness intensified overnight and increased the potential for intervention. This may be seen in the next few days, and the JPY does have potential to rally sharply given the huge real decline in recent years. But a turn higher in risk premia looks necessary to trigger a long term reversal of cu

EUR flows: EUR/USD little changed on IFO

April 24, 2024 9:02 AM UTC

EUR/USD briefly blipped higher on IFO, but has resumed mild decline

AUD, JPY, SEK flows: AUD firm, JPY weak, SEK down slightly

April 24, 2024 6:55 AM UTC

AUD benefits from strong CPI, JPY remains under pressure in risk positive trading, SEK reocvery moderated by higher unemployment