Quite an erratic week left the Greenback with modest losses, in the context of a strong rebound in the Japanese Yen and declining US yields across the curve.
Meanwhile, the BoJ and the FOMC meetings take centre stage next week, followed by the Nonfarm Payrolls. The US Dollar Index traded within a new consolidative mood around the key 200-day SMA in the 104.30-104.40 band. The Dallas Fed Manufacturing Index is due on July 29, seconded by the Consumer Confidence gauged by the Conference Board and JOLTs Job Openings on July 30.
2900 barrier amidst renewed bets of an interest rate cut by the BoE next week. Mortgage Approvals and Mortgage Lending are expected on July 29. On August 1, the BoE will decide on interest rates, while Nationwide Housing Prices and the final S&P Global Manufacturing PMI are also due. USD/JPY printed its fourth consecutive week in the negative territory impacted by recent FX intervention and speculation of a BoJ rate hike next week. Japan’s Unemployment Rate will be unveiled on July 30.
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