ProShares Ultra Yen

The U.S. dollar fell sharply against the Japanese yen on Thursday as foreign exchange traders interpreted comments by Bank of Japan governor Kazuo Ueda to suggest the central bank will soon end its negative interest rate policy. The U.S. currency fell 2.6% against the yen (USD/JPY) in early trading on Thursday. The yen also gained strongly versus...

Get Marc Chandler's insights on the yen's recovery, upcoming market trends, and stay informed for the week ahead. Click here to read the full analysis.

With inflation proving to be stickier than imagined, the Fed said activity needs to slow much more with the door left wide open for a fourth consecutive 75bp hike in November. Read more here

A shortened trading week on Wall Street will have traders focusing on the FOMC minutes, a few Fed speakers, and the June nonfarm payroll report.

A strong nonfarm payroll report means that the Fed won’t be pausing their interest rate hiking campaign anytime soon.