The dollar surpassed the symbolic level of 150 yen for the first time since 1990 on Thursday - GEPL Capital
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News / Other data
* The dollar surpassed the symbolic level of 150 yen for the first time since 1990 on Thursday, while the British pound turned negative in choppy trading after Liz Truss said she would resign as the United Kingdom's prime minister.
* The rouble firmed towards 61 against the dollar on Thursday, with a favourable month-end tax period supporting the Russian currency amid volatility on oil markets and the constant threat of geopolitical and sanctions risk over the conflict in Ukraine.
* Japanese policymakers made fresh threats of intervention on Thursday after the yen tumbled past the key psychological level of 150 to the dollar, keeping investors on high alert in case Tokyo steps into markets again to support the fragile currency.
* Bearish bets on Asian currencies stayed firm due to the unrelenting strength of the U.S. dollar, as ultra-hawkish posturing by most central banks globally, led by the Federal Reserve, stoked fears of a recession, a Reuters poll showed.
* The U.S. dollar handed back some of its gains in early European trading Wednesday, while the euro rose on the back of soaring German producer prices.
* China’s offshore yuan hit a new low on Thursday, while most other Asian currencies slipped as fears of more hawkish moves by the Federal Reserve spurred an overnight bounce in the dollar and Treasury yields.
Data inference
* Actual greater than 'Forecast' is good for currency.
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