OctaFX | OctaFX Forex Broker
Open trading account
Back

Global equities fall supporting USD and JPY - Societe Generale

FXStreet (Łódź) - Kit Juckes, Global Head of Currency Strategy at Societe Generale observes that the decline in stocks on global growth concerns is giving a boost to the dollar and the yen.


Key Quotes


"The market focus is back on global equities, where the mood is darkening rapidly, with indices testing key levels and the spillover sending Treasury yields lower (UST 10-year yield has given back all the rise seen in September)."

"The currency winners in this kind of mood are the dollar and the yen."

"There will be an opportunity to get short of the yen in due course but my first thought this morning was to wonder why USD/JPY (and EUR/JPY) wasn't lower."

Strong NFP and JOLTS reports support USD ahead of FOMC minutes - BTMU

Derek Halpenny, European Head of Currency Strategy at the Bank of Tokyo Mitsubishi UFJ, points out that the USD has been strengthening in recent days on the positive US employment releases.
Read more Previous

Recent drop in yen unlikely to have any inflationary impact - BTMU

Derek Halpenny, European Head of Currency Strategy at the Bank of Tokyo Mitsubishi UFJ believes that despite Japanese authorities' concerns, the recent weakness of the yen shouldn't cause much damage to the country's economy.
Read more Next
Start livechat