Hold on to your sushi, folks, because the USD/JPY market just got a little spicier! The Japanese Yen has weakened slightly against the US dollar as Kazuo Ueda, the incoming governor of the Bank of Japan, hinted at a continuity of monetary policy. Investors around the world are anxiously awaiting Ueda’s official confirmation from Japan’s […]
On Wednesday, the Japanese yen experienced a rise in value against the US dollar. The weakening of the greenback allowed for this gain. Despite recent slight adjustments made by the Bank of Japan towards policy normalization, the central bank remains one of the most accommodating among developed countries. As a result, the yen often reacts […]
Despite the US dollar index (DXY) hitting a seven-month low on Monday, the Japanese yen (JPY) hasn’t altered much against the dollar so far this week. The currency market has been rather quiet in the Tuesday trading session. After reaching a 40-year high of 4.0% year-on-year at the end of December last year, the headline […]
Today marked a further strengthening of the Japanese Yen as the USD/JPY fell below the 130 mark for the first time since June 2022. Following the Bank of Japan’s policy reversal in December, speculation has grown about likely future tightening in 2023. Today is a holiday in Japan, so it will be interesting to see […]
In an unexpected decision on Tuesday, the Bank of Japan allowed long-term interest rates to climb more, shocking the Japanese yen (JPY) and financial markets and attempting to offset some of the costs of sustained monetary stimulus. following the announcement, the USD/JPY pair slumped to the 130.99 mark, 4.2% lower on the day. This was […]
The USD/JPY pair dropped by 420 or so points between the Asian and US sessions on Thursday, highlighting its vulnerability to US data and the dollar index (DXY). Following last night’s speech by Federal Reserve Chair Jerome Powell, the decline gained momentum, and it persisted during the Asian session as Bank of Japan policymaker Asahi […]
The Bank of Japan kept its ultra-low interest rates and dovish posture on Friday, which caused the Japanese yen to tremble. Meanwhile, the dollar battled to cling to its gains from the previous day as the anticipation of a change in outlook by the Federal Reserve grew. In the wake of the central bank’s decision, […]
After the yen (JPY) hit a 32-year low near 152 to the dollar on Friday, Japanese authorities intervened in the foreign exchange market to buy yen for the second time in a month, a government official and another person familiar with the situation told Reporters. In an effort to combat a global trend of tightening […]
The Japanese yen (JPY) reversed from a 24-year low again to the dollar (USD) on Thursday, after Bank of Japan authorities made a move into the foreign exchange market to support the bruised currency for the first time since 1998. The USD/JPY pair fell to the 140.34 low in the early London session on Thursday, […]
