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, […]
Mixed Factors have negatively affected the JPY, but propelled the USD/JPY during a moderate recovery in the request for the United States Dollar. The sudden increase in the US Treasury yield increases the US-Japan interest rate differentials. Also, some other positive risks upbeat burdened the JPY. Besides this huge difference in monetary policy between the […]
AUDJPY Analysis – 15th August AUDJPY buyers are ready for a more bullish hike above the 95.750 key zone. The market is presently held down by the buy traders, so more buying activity is therefore expected to play out. The recent price action on the AUDJPY has confirmed further bullish movement. The buy traders have […]
EUR/JPY keeps performing well for five days straight, making daily highs near 137.00. Thereby, this pair has been able to portray wide Euro not minding the political tensions in Italy. Also, Euro has remained unaffected by the decline in United States Treasury yields. Having said this, it appears as if the EUR is responsible for […]
The Japanese yen (JPY) has recorded one of its aggressive rallies against the US dollar (USD) in a long while, as the USD/JPY pair tapped the 130.39 low. The solid performance in the yen comes amid rising US-China tensions over a Taiwan visit by US Representative Speaker Nancy Pelosi. Worries over the outcome of this […]
The Japanese yen (JPY)’s woes continued through the recently concluded week as it weakened further against its major counterparts. This weakness has been the yen’s theme for most of 2022 as the Bank of Japan (BoJ) remains unwilling to adopt a more hawkish stance in the wake of record inflation, like other central banks. Given […]
It was another poor weekly session for the Japanese yen as the JPY slumped against other top currencies following a rally in benchmark Treasury yields in the US and Europe. With the Bank of Japan (BoJ)’s 0.25% cap on 10-year JGB yield, the widening gaps come as no surprise. The British pound (GBP) was the […]
Bank of Japan (BoJ) Governor Haruhiko Kuroda noted in the early hours of Thursday at a parliament session that his financial institution could implement a smooth phasing-out of its ultra-dovish monetary policy, albeit a tasking undertaking. However, Kuroda asserted that the central bank had to maintain its loose monetary stance for now, with consumer inflation […]
The Japanese yen continued its losing streak last week to close as the worst loser in last week’s session, as global benchmark treasury yields, except the JGB, spiked. The Bank of Japan’s (BoJ) cap on the 10-year JGB yield resulted in a widening spread and persistent JPY sell-off. Meanwhile, the euro showed some broader weakness […]
