EBC Daily Snapshot Jun 7, 2024

The dollar hovered near an 8-week low Friday, awaiting a key US jobs report for Fed policy clues. Markets expect a 50 bps cut by year-end.

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Yen: a managing decline

Yen: a managing decline

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Yen: a managing decline
FxPro | 8h 20min ago
Yen under pressure as USD/JPY hits new highs since 1986

Yen under pressure as USD/JPY hits new highs since 1986

The USD/JPY pair soared to 160.34 on Thursday, reaching levels not seen since 1986, as market participants increasingly anticipate potential interventions from Japanese authorities. Despite repeated verbal assurances, the Japanese government has not taken concrete financial measures, leaving the yen vulnerable.
RoboForex | 11h 51min ago
Daily Global Market Update

Daily Global Market Update

The Euro and Gold dipped slightly, while the Dollar strengthened against the Yen. Meta's stock surged but might be overbought. Amazon hit $2 trillion in market cap, boosting investor optimism. Upcoming economic data include US GDP and Durable Goods Orders.
Moneta Markets | 16h 27min ago