The BoJ delivered a minimal tweak to policy this week with markets still betting on rate hikes in April 2024. USDJPY benefitted from a weaker US Dollar which should it continue could negate the need for full blown BoJ FX intervention.

The Australian Dollar found some traction ahead of the RBA monetary policy decision in the aftermath of accelerating inflation. Will a rate hike further boost AUD/USD and AUD/JPY?

The US bond market is sending out a clear signal, interest rates have peaked and they are going down next year. This US dollar weakness is helping GBP/USD reverse its recent slump

Gold and silver have witnessed a week of relative calm despite continued potential for conflict escalation. Elevated US yields keep gold below $2000 for the time being

Bank of Japan and Federal Reserve monetary policy meetings to take center stage in the week ahead. Volatility could pick up for the U.S. dollar and Japanese yen, with several risk events on the calendar.

The US dollar’s rally has stalled ahead of the Oct. 31-Nov.1 FOMC meeting. Could the Fed be a catalyst for a correction in the USD? What are technicals saying?

EUR/USD technicals are hinting at a recovery but we do have a lot of high impact data ahead. EUR/JPY continues to struggle for direction on the threat of FX intervention by the BoJ. Will the week ahead provide any clarity?

The Australian Dollar remains hostage to the US Dollar as global macro factors outweigh the prospect of the RBA looking to stamp out pesky inflation. AUD/USD and AUD/JPY are in focus.

The Bank of England is expected to leave interest rates unchanged next week and this will not help Sterling as it drifts towards 1.2000 against the US dollar

Prominent Fed members came out in support of holding rates, allowing the bond market premium to keep financial conditions tight. Added safe haven appeal prop us USD