In a recent announcement reported by Reuters, Bank of Japan (BOJ) Governor Kazuo Ueda revealed the central bank’s cautious stance on withdrawing its ultra-easy monetary policy. The move is aimed at preventing potential disruptions in the bond market. Ueda acknowledged Japan’s progress towards the BOJ’s 2% inflation target, citing rising wages and domestic demand-driven inflation […]
As we head into the weekend, the Japanese yen has taken a plunge, reaching its lowest point against the US dollar in nearly three years. This dive comes in the wake of a decisive move by the Bank of Japan (BOJ) to maintain its negative interest rate policy. Additionally, the US Federal Reserve has sent […]
The Japanese yen experienced a rollercoaster ride in the currency markets following remarks by Bank of Japan (BOJ) Governor Kazuo Ueda. On Monday, the yen surged to a one-week high of 145.89 against the U.S. dollar, but its strength was short-lived, falling to 147.12 per dollar on Tuesday, down 0.38% from the previous close. Ueda’s […]
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 […]
In a twist that has left market participants scratching their heads, the Japanese yen continues to defy expectations and remain remarkably resilient, even in the face of mounting calls for a policy shift from the Bank of Japan (BoJ). While many had hoped for a swift change under the leadership of Governor Ueda, his unwavering […]
The USD/JPY exchange rate has been on a rollercoaster ride since early 2021, with bulls taking the lead in recent weeks. The pair hit a high of 150.00 last year, the best level since 1990, before undergoing a massive downward correction that brought it below 130.00 in mid-January 2023. However, the U.S. dollar has since […]
USD/JPY has been one of the most active currency pairs in the foreign exchange market, with investors closely monitoring the Bank of Japan (BoJ) governor’s position as Haruhiko Kuroda’s term is set to expire on April 8. A former BoJ policymaker, Kazuo Ueda, is expected to be appointed as the next governor, according to The […]
On Friday, the dollar surged against the yen, on pace for its biggest daily gain in around two weeks, as the governor of the Bank of Japan (BoJ) said that the central bank will retain its ultra-loose monetary policy despite rumors that a change is on the horizon. BOJ Governor Haruhiko Kuroda said the central […]
Tuesday’s tumultuous trading saw the dollar decline versus the majority of the world’s currencies due to predictions of a potential Bank of Japan policy change that might terminate the central bank’s so-called “yield curve management” and pave the way for a tighter monetary policy. Over the past few weeks, expectations have caused the yen to […]
