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Dollar Gyrations but Little Changed ahead of the North American Session

January 29, 2026
The market extended the greenback’s recovery when Treasury Secretary Bessent told the CNBC audience that the US always supports a strong dollar. However, the market was not fully buying it from the administration, which seemed to offer verbal support for Japan at the end of last week, and the president saying he was unconcerned about the dollar th…
Dollar Gyrations but Little Changed ahead of the North American Session Dollar Gyrations but Little Changed ahead of the North American Session Reviewed by Marc Chandler on January 29, 2026 Rating: 5
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US Dollar Retraces Some of Yesterday's Dramatic Losses

January 28, 2026
President Trump's comments sent the dollar spiraling lower yesterday. His lack of concern about the dollar after it has been falling sharply in recent days played on market fears that the administration wants a weaker dollar. It follows on the heels of what appears to have been tantamount to verbal intervention to support the yen via Fed price…
US Dollar Retraces Some of Yesterday's Dramatic Losses US Dollar Retraces Some of Yesterday's Dramatic Losses Reviewed by Marc Chandler on January 28, 2026 Rating: 5
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Greenback Mostly Consolidates, while Yen Gyrations Point to Nervous Market

January 27, 2026
The greenback is mostly softer against the G10 currencies today. Initial gains had carried the dollar to almost JPY154.90 before a large order, market nervousness over intervention saw a quick drop in early European turnover through yesterday’s lows (~JPY153.30) to about JPY153.20 before steadying. Dollar sentiment is poor amid fear of interventio…
Greenback Mostly Consolidates, while Yen Gyrations Point to Nervous Market Greenback Mostly Consolidates, while Yen Gyrations Point to Nervous Market Reviewed by Marc Chandler on January 27, 2026 Rating: 5
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Dollar Sold Broadly, while Yen Soars on Fear of Joint Intervention

January 26, 2026
The US dollar came under strong selling pressure at the start of today’s trading. The fear of joint intervention after the pre-weekend Fed checking on rates, ostensibly on behalf of the US Treasury, and underscored by Japanese officials, including Prime Minister Takaichi. Meanwhile, another tragic ICE related death in Minnesota has sparked a threa…
Dollar Sold Broadly, while Yen Soars on Fear of Joint Intervention Dollar Sold Broadly, while Yen Soars on Fear of Joint Intervention Reviewed by Marc Chandler on January 26, 2026 Rating: 5
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Week Ahead: Standpat Fed, Bank of Canada, and Riksbank, while Cat-and-Mouse with Officials on Yen Continues Week Ahead:  Standpat Fed, Bank of Canada, and  Riksbank, while Cat-and-Mouse with Officials on Yen Continues Reviewed by Marc Chandler on January 24, 2026 Rating: 5
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BOJ Maintains Steady Policy, Heightened Intervention Watch, while PBOC sets Dollar Fix Below CNY7.0 BOJ Maintains Steady Policy, Heightened Intervention Watch, while PBOC sets Dollar Fix Below CNY7.0 Reviewed by Marc Chandler on January 23, 2026 Rating: 5
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A Collective Sigh of Relief

January 22, 2026
The two sources of strain on the global capital markets have eased. President Trump has backed away from military threats to take Greenland and will not go forward with tariff threat on European countries for February 1. After a dramatic sell-off on Tuesday, which some compared to what happened to the UK under Prime Minister Truss, the Japanese bo…
A Collective Sigh of Relief A Collective Sigh of Relief Reviewed by Marc Chandler on January 22, 2026 Rating: 5
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