The dollar will remain under pressure

The US dollar finished the week with a decline, failing to find a positive driver from the published macroeconomic data, as political risks in the eyes of investors clearly have a higher price. According to the US Department of Commerce, personal spending rose in July at the highest rate since February, and incomes — at […]

Yen gains after North Korea nuclear test

© Reuters. Illustration photo of a Japan Yen note TOKYO (Reuters) — The yen gained against the dollar and other currencies in early Asian trade on Monday in a knee-jerk reaction after North Korea had conducted its most powerful nuclear test the day before. The dollar fell to as low as 109.22 yen in early […]

JP Morgan on North Korea escalation — levels to watch on yen

This from a note from JP Morgan on the weekend developments (nuclear test) Immediate reaction appears to be similar to last week, USD/JPY fell early,  before giving up those initial declines in trading later in the day Situation seems to be escalating More «While immediate reaction may be relatively muted, concerns toward September 9 will make […]

More on that South Korean missile firing «targeting North Korea’s nuclear test site»

South Korean media Yonhap reporting some headlines that, to me at least, appear very misleading (bolding is mine) South Korea’s military said Monday it conducted a combined live-fire exercise targeting North Korea’s nuclear test site Then, more clarity from Yonhap (bolding is mine): In the drill, the Hyunmoo surface-to-surface missile and the F-15K’s long-range air-to-ground […]

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