Japanese Markets Closed For a Public Holiday on Monday; Focus on Fed’s Sept 19-20 Policy Meeting 18-9-2017

Dollar Firmer vs Yen, Trades Near Friday’s 7-Week High. The dollar held firm near a seven-week high versus the yen on Monday, supported by recent rises in U.S. Treasury yields. The greenback edged up 0.3 percent to 111.17 yen, trading within sight of Friday’s peak at 111.33 yen, its highest level since late July.

Sterling Steady, Takes Breather After Last Week’s Rally. Sterling was firm after having rallied sharply on Friday, sterling rose past the $1.36 level for the first time since the Brexit vote, after comments from BoE policymaker Gertjan Vlieghe echoed the central bank’s signal that the first rate increase in a decade could happen in “coming months”.

Potential Demand Surge Pushes Oil Prices Up. Crude oil prices rising sharply in anticipation of a rise in global demand with Brent prices hitting a five month high.

Watch Out Today For:

09:00 am GMT: EUR Consumer Price Index

By MEX Group Team

The post Japanese Markets Closed For a Public Holiday on Monday; Focus on Fed’s Sept 19-20 Policy Meeting 18-9-2017 appeared first on mexgroupblog.

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