USD/JPY Plummets amid Suspicion of FX Intervention

View this email online. USD/JPY Plummets amid Suspicion of FX Intervention  USD/JPY tagged the 160 mark and immediately dropped towards the 155 level as speculation around possible FX intervention did the rounds on Monday morning. READ MORE Market Analysis Market’s have opened the session on a mildly positive note, ahead of a week packed full of high-profile data and equity releases, along with the latest Federal Reserve policy decision. READ MORE   It was a risk-on week for most markets as hostilities between Israel and Iran took a back seat for the Passover holiday.  READ MORE In the aftermath of the hotter-than-expected Australian inflation in Q1, markets have removed prior bets in favour of rate cuts and now price in the potential for another rate hike later this year. READ MORE The Euro was higher against the United States Dollar on Monday despite a lack of obvious trading news, with bulls seemingly more confident above the 1.07 mark. READ MORE As a trader gets started in forex trading, one of the first advantages they’re likely to come across is how much liquidity the forex market offers over other markets. READ MORE Top news headlines are often dominated by the release of gross domestic product (GDP) figures and for good reason. 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