U.S. Dollar emerged as a standout performer for 2024, heading for an impressive 6.6% annual gain. Meanwhile, the Japanese yen faced its fourth consecutive year of losses as traders braced for robust U.S. growth and a cautious Federal Reserve approach to rate cuts in 2025. The dollar index, which measures the U.S. currency against major […]
Global equities stabilized on Tuesday, while the yen weakened beyond 150 against the dollar following the Bank of Japan‘s decision to end eight years of negative interest rates, meeting market expectations. This event is likely the highlight of a busy week for central banks. Investors are now shifting their attention to the U.S. Federal Reserve’s […]
In a two-day policy meeting, the Bank of Japan (BOJ) decided to maintain its current monetary policy, signaling a cautious approach amid the ongoing economic recovery. The central bank, led by Governor Kazuo Ueda, kept its short-term interest rate at -0.1% and maintained its target for the 10-year government bond yield at around 0%. Despite […]
In a surprising turn of events, the Japanese yen has experienced a remarkable surge, hitting its highest level against the US dollar in months. The Bank of Japan (BOJ) has hinted at a potential shift away from its long-standing negative interest rate policy, triggering a wave of investor interest in the yen. On Thursday, the […]
The Japanese yen edged closer to a one-year low against the US dollar on Tuesday as the Bank of Japan (BOJ) signaled a subtle shift in its monetary policy. In a move aimed at providing more flexibility in bond yields, the BOJ decided to redefine its 1% yield limit as an adaptable “upper bound” rather […]
The USD/JPY has broken above the critical 150 level as traders watch closely for what comes next. This critical threshold is viewed as a potential trigger for intervention by Japanese authorities. Earlier today, the pair touched 150.77 briefly, only to retreat to 150.30 as profit-taking emerged. The market sentiment remains cautious as the yen gains […]
In recent weeks, the Japanese Yen has experienced a rapid decline against its G10 counterparts as other central banks reinforce their hawkish stance. This simultaneous occurrence of events, coupled with supportive comments regarding the Bank of Japan’s unconventional monetary policy, has created an unfavorable situation for the Yen. Currency diplomat Masato Kanda has expressed concerns […]
The Bank of Japan (BOJ) announced today its decision to maintain ultra-loose policy settings, including the closely watched yield curve control (YCC) policy. The move comes as the central bank aims to support the nascent economic recovery and work towards achieving its inflation goal in a sustainable manner. Consequently, the Japanese yen experienced a slight […]
The USD/JPY exchange rate is taking us on a wild ride as investors flock to Japanese government bonds in search of safety amidst falling yields. The banking industry, in particular, has taken a hit, with Japan’s largest banks revealing extensive bond holdings on their balance sheets. It seems like they’ve been following the mantra “never […]
