Japan Housing Starts Unexpectedly Decline by 1.40%y-o-y in Nov
The yen remained range bound in the Asian session (Tuesday) following reports of mixed economic data from Japan. While the unemployment rate inched down in November, retail sales for the same period missed estimates. Also, the housing starts data was
Read MorePound Signals Rebound after Intense Volatility
The Pound to Dollar exchange rate declined significantly in the last session of the week, capping a difficult time for the pound and numerous other currencies, although it seemed to be stabilizing beyond its 200-day moving average before the weekend.
Read MorePound Remains in a Downtrend Against the Euro and the US Dollar
In the following months, experts at the world’s top foreign currency main dealer predict that the British Pound will decline near the lows of 2022. Citibank’s most recent currency study indicates the Dollar is expected to return to its previous
Read MoreYen Strengthens Against Pound on Declining US Bond Yields and Speculation of a Likely Change in BoJ Stance
The Yen gained ground against other currencies in the closing session of the week with a sustained recovery against a receding Dollar, as the Japanese currency pulled Sterling close to its November low against the backdrop of declining U.S. government
Read More
