US FX WRAP: Dollar sold to benefit of global peers as Yen rallies post-election
The dollar's decline against global peers highlights a shift in market sentiment, particularly following the recent election results in Japan that have strengthened the yen.
US President Trump and Chinese President Xi summit set for first week of April, Politico reports; The summit could be the first of four meetings this year between the two leaders
Fed's Bostic (2027 voter, retiring in Feb) says choppy jobs data adds to case for Fed caution
US FX WRAP: Dollar sold to benefit of global peers as Yen rallies post-election
Target (TGT) reportedly boosting investment in store staffing to help fix customer experience but will cut c. 500 other roles in the process, via CNBC
TREASURY WRAP: T-NOTE FUTURES (H6) SETTLE 2+ TICKS HIGHER AT 112-06
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This trend suggests a reevaluation of risk appetite, potentially impacting currency flows and influencing future rate expectations from both the BoJ and the Fed. Traders should watch for how this impacts cross-asset correlations, especially regarding commodities and U.S. inflation outlooks.
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