The Japanese yen edged closer to a one-year low against the US dollar on Tuesday as the Bank of Japan (BOJ) signaled a subtle shift in its monetary policy. In a move aimed at providing more flexibility in bond yields, the BOJ decided to redefine its 1% yield limit as an adaptable “upper bound” rather […]
The Japanese yen staged a recovery on Wednesday, bouncing back from an 11-month low against the U.S. dollar. The sudden surge in the yen on the previous day had tongues wagging, with speculation rife that Japan had intervened in the currency market to bolster its weakening currency, which had tumbled to its lowest point since […]
In the third quarter of 2023, the Japanese yen faced significant pressure against the U.S. dollar due to contrasting monetary policies adopted by the Federal Reserve and the Bank of Japan. The Federal Reserve has taken a proactive stance in combating inflation by raising interest rates. This aggressive approach has seen its benchmark rate reach […]
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 Japanese yen faced a setback against the robust US dollar on Friday following the release of a report suggesting that the Bank of Japan (BoJ) is likely to hold its key yield control policy steady in the upcoming week. The decision comes amid a flurry of central bank meetings involving major economies like the […]
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 […]
In recent weeks, the Japanese Yen has experienced a rapid decline against its G10 counterparts as other central banks reinforce their hawkish stance. This simultaneous occurrence of events, coupled with supportive comments regarding the Bank of Japan’s unconventional monetary policy, has created an unfavorable situation for the Yen. Currency diplomat Masato Kanda has expressed concerns […]
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 […]
