USD/JPY Below 156.00 on US Dollar Weakness, US Jobs Data Remains Key

DailyFX12minutes ago

Dollar Edges Up From 2-Month Lows as Rate Cuts Still Look Some Way Away -- Market Talk

The dollar pulls away from two-month lows reached after Monday's weaker May manufacturing ISM data as the prospects of inflation pushing out the first Federal Reserve rate cut towards year end continues to prevail, supporting the currency, analysts at KBC Bank say.

WSJ41minutes ago

Forex Today: US Dollar Stabilizes Following PMI-inspired Selloff

The US Dollar (USD) holds steady against its major rivals early Tuesday after suffering large losses in the American session on Monday

FXStreet03:00 ET

BoJ's Himino: Needs to Watch Potential Impact of Easy Monetary Policy on Economy

Bank of Japan (BoJ) Deputy Governor Ryozo Himino said on Tuesday, “when easy monetary policy lasts for an extremely long period of time, policymakers must be vigilant to the potential impact it has on the economy's productivity, potential growth.”

FXStreet02:40 ET

With the reversal of US economic data, it has become difficult for the USA and Japan to move upwards.

An increasing amount of evidence shows that the economic growth of the USA is reversing. The USA and Japan are recently highly influenced by the Federal Reserve's interest rate expectations. The ISM services report released on Wednesday is more important to the market. Due to the effects of narrowing yield differentials and concerns over the US economic outlook, the USD/JPY was in a disadvantageous position in early June. Data to be released in the coming days may provide an answer, offering ample two-way price risk in the face of rising uncertainties.

FX678 Finance01:17 ET

Bets on Fed rate cuts heat up, with the dollar falling to its lowest level in nearly two months.

According to the news from Zhitong Finance and Economics, the US dollar fell to its lowest level since April against the euro and the British pound on Tuesday, as signs of a weak US economy have given the Federal Reserve reason to cut interest rates in advance. The US dollar fell to a two-week low against the yen, after data showed that manufacturing activity had slowed for the second consecutive month and that construction spending had unexpectedly slipped. According to LSEG's interest rate probability application, the probability of a Fed fund futures rate cut in September has increased to around 59.1% after the data was released. As of press time, the US dollar index had fallen 0.05% to 103.99, its lowest level since April 9. By contrast, data released last Friday showed that consumer

Zhitong Finance23:01 ET