USD/JPY Forecasts Split as BoJ Support Needed to Defend Yen Gains
USD/JPY's near-term path now hinges on the Bank of Japan's willingness to keep tightening, with Bank of America and CBA…
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Indian Rupee Rally Fades as US-Iran Deal Stalls and RBI Holds Rates
The Indian rupee's gains partially reversed after hopes for an imminent US-Iran deal faded, while the Reserve Bank of India's…
Yen Holds Near 157.75 as Traders Await U.S. Payrolls and Clarity on Iran Deal
The yen held flat near 157.75 per dollar on Thursday, unwinding part of its intervention-driven gains. Traders stayed cautious as…
BofA CEO Moynihan expects three Fed rate hikes by year-end
Bank of America CEO Brian Moynihan expects the Federal Reserve to raise interest rates three times this year, in September,…
Yen steadies after historic intervention; BofA cuts year-end USD/JPY forecast to 149
The yen steadied at 157.72 per dollar on Wednesday after last week's coordinated US-Japan intervention, while the dollar hovered near…
