The Japanese Yen (JPY) remains anchored around the critical 160.00 threshold against the US Dollar despite the Bank of Japan's (BoJ) historic decision to raise its benchmark interest rate to 1.00%.
Societe Generale strategists argue that South African Rand dynamics hinge on upcoming CPI, retail sales and the Federal Reserve meeting.
ING’s Francesco Pesole highlights that EUR/USD has returned to Friday’s levels, with markets prioritizing central bank dynamics over Oil. A wider EUR:USD swap differential contrasts with weaker Eurozone growth and a less dovish Fed, limiting bullish Euro positioning.