Following a drop to a 32-year low for the Japanese yen (JPY) last week and meetings of the heads of the world’s financial systems that acknowledged currency instability, Japanese authorities continued to provide verbal warnings to the market on Monday of a stern response to notably rapid yen losses. After the Group of Seven (G7) […]
In bumpy trading on Tuesday, the U.S. dollar (USD) moved higher, building on previous gains ahead of a crucial inflation report later this week that is anticipated to indicate stubbornly high price pressures. While investors were uneasy due to concerns about increasing interest rates and geopolitical issues, the dollar’s attitude overall remained strong. Meanwhile, the […]
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 […]
