In a twist of events, the yen found itself under selling pressure as the European markets opened this morning. Reports circulated, hinting that the Bank of Japan (BoJ) intends to stick with its monetary stimulus measures. Despite the BoJ’s unwavering stance, market participants have remained skeptical, propping up the yen’s value. The question now is […]
In a twist that has left market participants scratching their heads, the Japanese yen continues to defy expectations and remain remarkably resilient, even in the face of mounting calls for a policy shift from the Bank of Japan (BoJ). While many had hoped for a swift change under the leadership of Governor Ueda, his unwavering […]
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 Japanese yen has been making quite a splash in the foreign exchange market recently, catching the attention of investors and traders alike. On Tuesday, the yen caught a bid as sentiment suffered a slight lull, driven by fears of a further selloff in banking stocks. This cautious mood was further fueled by disclosures from […]
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 […]
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 […]
The yen was on the rise on Monday as investors sought refuge from the turmoil in the banking sector. The trigger was UBS’ bargain-basement takeover of its troubled rival Credit Suisse, which wiped out billions of dollars of bondholders’ money. The deal, brokered by the Swiss authorities over a frantic weekend, valued Credit Suisse at […]
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 […]
