News & analysis

USD/JPY enters 2025 at a crossroads. Rising US yields, hawkish Fed pivot, and expansionary fiscal policies could fuel more dollar strength, but BoJ moves and carry trade vulnerabilities may keep yen downside in check. The year ahead promises to be an eventful one.

USD/JPY enters 2025 at a crossroads. Rising US yields, hawkish Fed pivot, and expansionary fiscal policies could fuel more dollar strength, but BoJ moves and carry trade vulnerabilities may keep yen downside in check. The year ahead promises to be an eventful one.

It was a banner year for stocks and the last time the S&P 500 rallied by this much over a two-year period, the index continued with a strong outing in 1999.

It was a banner year for stocks and the last time the S&P 500 rallied by this much the index continued with a strong outing in 1999.

EUR/USD has recorded a 2% decline over the last five sessions, favoring the dollar and placing the euro in a sustained bearish zone.

EUR/USD appears to be defending the yearly low (1.0333) as it rebounds from a fresh monthly low (1.0343).

USD/JPY surged post-FOMC with the bulls charging towards a major pivot-zone at uptrend resistance. Battle lines drawn on the USD/JPY weekly technical chart.

The recent bearish trend isn’t confined to the S&P 500. The Dow Jones Industrial Average has experienced its first 10-day losing streak since 1974, shedding nearly 2,900 points over two weeks from its highest to its lowest points.