USDJPY week 36

Jump after the NFP US Payrolls Increase by 1.37M and Jobless Rate Beats Forecasts The US economy added 1.371 million jobs in August, easing from a downwardly revised 1.734 million in the previous month, and only slightly below forecasts of 1.4 million. That leaves payrolls near 11 million below its pre-pandemic level as more than…

Global Currency Wars

Why Global Currency Wars Aren’t as Dangerous as They Sound By Kimberly Amadeo A currency war is when a country’s central bank uses expansionary monetary policies to deliberately lower the value of its national currency. This strategy is also called competitive devaluation. In 2010, Brazil’s Finance Minister Guido Mantega coined the phrase “currency war.” He was describing…