Market News

Rabobank’s Senior FX Strategist Jane Foley discusses Japanese Yen (JPY) dynamics around upcoming G10 central bank meetings and potential Bank of Japan policy shifts. Foley notes Governor Ueda’s hawkish tone, ongoing BoJ tightening expectations despite higher energy costs.

United States Pending Home Sales (MoM) above expectations (-0.5%) in February: Actual (1.8%)

Deutsche Bank’s Global Head of FX Research George Saravelos notes that the Iran war has made markets highly correlated to energy, with higher Oil prices and weaker global growth now supporting the Dollar. Asia FX is seen as central to broad Dollar direction and is being hit hardest.