The Japanese yen has summoned its inner samurai and made a remarkable comeback against the US dollar, as seen with the USD/JPY pair this week. The secret behind its newfound strength? A stunning display of wage growth in Japan, not seen since the 90s. Meanwhile, the dollar seems unfazed, lounging near a one-year high despite […]
The USD/JPY pair took a breather on Tuesday, shedding 0.7% to close at 136.55, erasing most of the gains made in the previous session. The decline came on the back of disappointing macroeconomic data from the US, which weighed on US bond rates, sending them tumbling across the Treasury curve. The 2-year note fell by […]
The USD/JPY has rallied higher as the Bank of Japan Governor’s comments struck a dovish tone, which led to the Yen suffering overnight. The currency pair rose from a low of around 133.30 to a European session high of 135.85. All eyes were on BoJ Governor Ueda in his first monetary policy meeting, and investors […]
The US dollar-to-Japanese yen currency pair (USD/JPY) made an impressive comeback on Friday after losing ground in the early hours. The sudden surge was sparked by better-than-anticipated economic data from the United States, which sent the pair soaring from 133.55 to 134.35 in just a few minutes. The S&P Global Flash US Composite PMI, which […]
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 […]
USD/JPY is currently experiencing a bit of a rebound against the Japanese Yen, but don’t let the excitement of this slight boost fool you. This move is likely just a case of Mondays, with very little in terms of economic news to cause any significant shifts in the market. Interest-Rate Prospects and Banking Sector Health […]
USD/JPY hits a seven-week low as the US dollar takes a tumble in the currency market. This comes after the Federal Reserve raised interest rates, but with a more cautious commentary about the state of the domestic banking system. It seems that the US financial sector has been dealt a blow with the failure of […]
Market Analysis – March 15 USDJPY has turned bullish since the market reversal abounded in January. The bulls have retraced from the resistance level of 138.00 to seek support for an ascent. USDJPY Key Levels Resistance Levels: 138.00, 142.00 150.00 Support Levels: 130.00, 127.00, 124.00 USDJPY Long-term Trend: Bullish USDJPY is currently experiencing buy-side delivery […]
The USD/JPY exchange rate is taking us on a wild ride as investors flock to Japanese government bonds in search of safety amidst falling yields. The banking industry, in particular, has taken a hit, with Japan’s largest banks revealing extensive bond holdings on their balance sheets. It seems like they’ve been following the mantra “never […]
