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 […]
GBPJPY Analysis: Market Struggles At 184.010 As The Price Posts Bearish Divergence GBPJPY struggles at 184.010 as the price posts a bearish divergence. After breaking free from an inverse head-and-shoulders pattern, the market went on a bullish run. Looking at the Moving Average Cross, it’s apparent that the price has been mostly bullish, with the […]
The Japanese yen encountered a challenging week, experiencing losses against both the euro and the US dollar. The upcoming Bank of Japan (BoJ) meeting and its uncertain stance on the Yield Curve Control (YCC) policy have left the currency on uncertain ground. Japanese officials are closely monitoring the foreign exchange (FX) markets and making data-driven […]
The Japanese yen is standing its ground near six-month lows against the mighty United States dollar, showing resilience in the face of mounting concerns surrounding the US debt ceiling negotiations. With Treasury Secretary Janet Yellen sounding the alarm that Washington’s cash reserves might dry up by June 1 if Congress doesn’t get its act together, […]
The Japanese yen has experienced a volatile first quarter of 2023, swinging from weakness to strength and back again against the US dollar. What factors have driven these fluctuations, and what can we expect for the rest of the year? One of the main drivers of the yen’s movements has been the divergence in monetary […]
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 […]
The dollar had a rough start to the week, falling to a seven-month low against a basket of significant rivals in Asian trade before stabilizing. The yen was in special focus since traders were betting that the Bank of Japan would further modify its yield control strategy. The dollar index (DXY), which measures the value […]
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 […]
