Japanese Yen futures held range as Euro tested 16-month lows.
Dan Deming analyzes recent price action across the FX markets, highlighting relative strength in Japanese Yen futures as they trade higher for a second consecutive session. Despite the recent uptick, the yen remains in a tight weekly range as markets digest hawkish Fed minutes and strong demand from recent 10-Year and 30-Year Treasury auctions. Deming discusses how these well-received Treasury auctions are influencing the U.S. dollar pricing structure and impacting broader currency markets. In addition, Deming breaks down the recent weakness in Euro FX futures, which recently pushed down to a 16-month low before bouncing slightly in today's session. Finally, he notes similar recent weakness in British Pound and Australian Dollar futures amidst a broadly muted day for foreign exchange.
Dan Deming analyzes recent price action across the FX markets, highlighting relative strength in Japanese Yen futures as they trade higher for a second consecutive session. Despite the recent uptick, the yen remains in a tight weekly range as markets digest hawkish Fed minutes and strong demand from recent 10-Year and 30-Year Treasury auctions. S. dollar pricing structure and impacting broader currency markets.
In addition, Deming breaks down the recent weakness in Euro FX futures, which recently pushed down to a 16-month low before bouncing slightly in today's session. Finally, he notes similar recent weakness in British Pound and Australian Dollar futures amidst a broadly muted day for foreign exchange.