External broker reports(aggregated public sources), Mizuho

Mizuho

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External broker reports(aggregated public sources)

FX & Rates

<ul><li>After opening June trading around 157.20 yen, the dollar/yen pair then topped its end-of-April high of 160.24 yen, with the yen falling to its lowest level against the dollar since 1986.</li><li>The US had released some weak indicators at the end of May (consumer spending and the Chicago PMI) so the pair moved bearishly at the start of June as US interest rates fell.</li><li>The US May Manufacturing ISM Report on Business then dropped below market expectations, while the ISM Manufacturing New Orders index slumped to its lowest level since June 2022, so the greenback was sold further as US interest rates weakened. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

After opening June trading around 157.20 yen, the dollar/yen pair then topped its end-of-April high of 160.24 yen, with the yen falling to its lowest level against the dollar since 1986.The US had released some weak indicators at the end of May (consumer spending and the Chicago PMI) so the pair moved bearishly at the start of June as US interest rates fell.The US May Manufacturing ISM Report on Business then dropped below market expectations, while the ISM Manufacturing New Orders index slumped to its lowest level since June 2022, so the greenback was sold further as US interest rates weakened. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JPY

Mizuho Dealer's Eye (July, 2024)