Fed, not BoJ to Spur on the Yen

View this email online. Fed, not BoJ to Spur on the Yen The Yen garnered year-end support from hopes that the Bank of Japan would raise interest rates, perhaps while the Federal Reserve was cutting its own.   READ MORE Market Analysis The Reserve Bank of Australia (RBA) ended 2023 by deciding not to raise interest rates for a second consecutive time although the possibility was not ruled out. READ MORE The US NFP report came in higher than expected, pushing the US dollar higher as rate expectations were pared back, before the latest US ISM Services report disappointed.  READ MORE After last week’s stellar jobs print, on paper at least, USD traders gear up for US CPI data for December. READ MORE US equities held their own throughout 2023, surging toward the end of the year with the Nasdaq 100 printing fresh all-time highs. READ MORE CPI is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. READ MORE The GDP release attracts a lot of attention from traders and market participants because of its signaling effect and ability to move financial markets. READ MORE Trading Skills Enhancement TRADING EDUCATION Learn to trade with DailyFX and take your trading knowledge and confidence to the next level. Whatever your trading experience is, our expert analysts and market writers can help you navigate a range of market conditions and trading styles, setting you on the road to consistent trading. Our online education is divided into three sections according to experience level   LEARN MORE TRADING TOOLS View current trader sentiment and discover who is going long and short, the percentage change over time, and whether market signals are bullish or bearish with IG Client Sentiment.   LEARN MORE Use our economic calendar to explore key global events on the horizon that could subtly shift or substantially shake up the financial markets.   LEARN MORE CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Kind regards DailyFX dailyfx.com Cannon Bridge House, 25 Dowgate Hill, London, United Kingdom, EC4R 2YA. Trading financial instruments, including leveraged foreign currencies, carries a high degree of risk and your losses may exceed your deposits. Trading is not suitable for all. You should carefully consider whether trading is right for you in light of your investment experience and financial resources. Past performance is not indicative of future results. This commentary is for general informational purposes and does not constitute advice or a solicitation. While DailyFX has taken reasonable measures to verify the accuracy of the information herein, DailyFX makes no guarantee as to its accuracy or completeness. This information is subject to change at any time without notice. DailyFX is not liable for any loss or damage which may arise from the use of any information in this commentary. Please read the full Risk Disclosure, as well as our Privacy Policy. You received this email because of your relationship with DailyFX. To manage your preferences or unsubscribe from our marketing communications click here.   © 2024 IG