USD/CNH’s attempt to break above key resistance at 7.37 lost traction, with the pair retreating sharply after hitting 7.43. Now trading below its 50-day moving…
Last week’s FX volatility reached crisis-like levels, sparking fears of deeper market stress. A breakdown in traditional correlations and talk of coordinated dollar devaluation suggest…
USD/JPY is up near 150.50. Bank of Japan Governor Kazuo Ueda reiterated the bank’s guidance that it will continue to raise interest rates if its economic…