Japanese Yen extends weakness as policy outlook favors fiscal easing and delayed BoJ tightening
The Japanese Yen (JPY) continues to trade with a bearish tone against a mildly stronger US Dollar (USD), hovering near its lowest level since early August during Tuesday’s Asian session. The unexpected outcome of Japan’s leadership contest has set the stage for more expansionary fiscal policies, complicating the Bank of Japan’s (BoJ) efforts to normalize […]
EUR/USD dips toward 1.1700 amid rising French political uncertainty
The EUR/USD pair extends its decline, trading near 1.1705 during Tuesday’s Asian session, as political turmoil in France weighs on the Euro (EUR). The resignation of newly appointed Prime Minister Sebastien Lecornu and his cabinet on Monday—just hours after the lineup was announced—has shaken investor confidence. Market participants now await Germany’s August Factory Orders and […]