{"id":37519,"date":"2022-10-03T10:13:49","date_gmt":"2022-10-03T07:13:49","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=37519"},"modified":"2025-10-17T12:13:03","modified_gmt":"2025-10-17T09:13:03","slug":"usd-continues-to-reign-supreme","status":"publish","type":"post","link":"https:\/\/www.ironfx-id.com\/vi\/usd-continues-to-reign-supreme\/","title":{"rendered":"Daily Key points: USD continues to reign supreme"},"content":{"rendered":"

The greenback tended to remain at elevated levels against its counterparts despite some retreats here and there with the market cautiousness still being present and providing support for the US currency. Across the Pacific though the Japanese Government seems about to take decisive steps in order to support the JPY as Reuters reported Japan\u2019s finance minister Suzuki stating that “It’s important for currencies to move stably, as sharp and one-sided moves are undesirable,\u201c. It should be noted that the Japanese Government had allready performed a market operation to defend its currency, yet the effects quickly fizzled out allowing the JPY to retreat once again to record low levels against the USD. Should Japan perform another market intervention operation, we may see it increasing it\u2019s size in an attempt the intensify the \u201cshock and awe\u201d effect for the markets, yet the effect may prove to be short lived once again as the root of JPY\u2019s weakness lays with BoJ\u2019s ultra loose monetary policy settings that have not altered. Also we would like to make a special comment for RBA\u2019s interest rate decision, the bank is expected to hike rates which theoretically could provide some support for AUD yet should the bank sound dovish or imply that future rate hikes may be smaller in size, the Aussie may weaken. On the other hand should the bank proceed with a rate hike wider than the 25 basis points currently expected we may see the Aussie getting some support.<\/p>\n\n\n\n

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