Dollar Eases as Biden Ends Re-election Bid, Drops Vs Yen

The dollar eased slightly against a basket of currencies on Monday while dropping sharply versus the yen as investors focused on U.S. President Joe Biden's decision to end his re-election campaign and the next moves from the Federal Reserve and the Bank of Japan.

Yahoo Finance03:47 ET

Forex Today: Mixed Opening to Week as Markets Assess US Political Developments

The US Dollar (USD) struggles to find demand at the beginning of the week, while US stock index futures trade in positive territory. Federal Reserve Bank of Chicago's National Activity Index for June will be the only data featured in the US economic calendar on Monday. Meanwhile, investors will keep a close eye on political developments in the US after President Joe Biden announced on Sunday that he is withdrawing from the 2024 Presidential election.

FXStreet03:39 ET

Nikkei Falls 1.2%, Dragged by Electronics, Heavy Industry Stocks -- Market Talk

Japanese stocks end lower, dragged by falls in electronics and heavy industry stocks, as uncertainty continues about the Bank of Japan's policy outlook.

WSJ02:11 ET

Bank of Japan suspected market intervention, rare large-scale withdrawal of short-selling camp by hedge funds for over ten years.

During the week ending on July 16, the net short positions of Japanese yen in leveraged funds decreased by 38,025 contracts, the largest reduction since March 2011.

Zhitong Finance00:15 ET

Japanese Yen Declines Despite Rising Odds of BoJ Raising Interest Rates

The Japanese Yen (JPY) remains weak on Monday, extending its losing streak to a third consecutive session.

FXStreet23:19 ET

Japan's Core Inflation Perks Up, Keeps BOJ Rate Hike Hope Alive

The core consumer price index (CPI), which strips away the effect of volatile fresh food prices, rose 2.6% in June from a year earlier, slightly below market forecasts for a 2.7% gain.

Business Today22:23 ET