The US Securities and Exchange Commission’s lawsuit against Ripple should be enough to stifle the rise of XRP, if for no other reason. But despite all of this, Ripple is continuing to hold its ground as it consolidates in a range between $0.4200 and $0.3000. The whales appear to be losing patience, though, as the […]
On Wednesday, the Japanese yen experienced a rise in value against the US dollar. The weakening of the greenback allowed for this gain. Despite recent slight adjustments made by the Bank of Japan towards policy normalization, the central bank remains one of the most accommodating among developed countries. As a result, the yen often reacts […]
The dollar had a rough start to the week, falling to a seven-month low against a basket of significant rivals in Asian trade before stabilizing. The yen was in special focus since traders were betting that the Bank of Japan would further modify its yield control strategy. The dollar index (DXY), which measures the value […]
Today marked a further strengthening of the Japanese Yen as the USD/JPY fell below the 130 mark for the first time since June 2022. Following the Bank of Japan’s policy reversal in December, speculation has grown about likely future tightening in 2023. Today is a holiday in Japan, so it will be interesting to see […]
In an unexpected decision on Tuesday, the Bank of Japan allowed long-term interest rates to climb more, shocking the Japanese yen (JPY) and financial markets and attempting to offset some of the costs of sustained monetary stimulus. following the announcement, the USD/JPY pair slumped to the 130.99 mark, 4.2% lower on the day. This was […]
According to the finance ministry, Japan spent a record $42.8 billion this month on currency intervention to support the yen. Investors were watching for signs of how much more the government might do to mitigate the JPY’s precipitous decline. The 6.3499 trillion yen ($42.8 billion) figure was about in line with Tokyo money market brokers’ […]
The Bank of Japan kept its ultra-low interest rates and dovish posture on Friday, which caused the Japanese yen to tremble. Meanwhile, the dollar battled to cling to its gains from the previous day as the anticipation of a change in outlook by the Federal Reserve grew. In the wake of the central bank’s decision, […]
After the yen (JPY) hit a 32-year low near 152 to the dollar on Friday, Japanese authorities intervened in the foreign exchange market to buy yen for the second time in a month, a government official and another person familiar with the situation told Reporters. In an effort to combat a global trend of tightening […]
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) […]
