Yen Retreats After US Data as Traders Shift Focus from Tokyo to Fed

Key Takeaways πŸ’΅ The yen weakened against the dollar after suspected intervention by Japanese authorities. πŸ“ˆ U.S. economic data supported the dollar, showing labor costs increased more than expected. πŸ” The Fed is expected to hold rates during its meeting, with hints about future policy by Chair Jerome Powell awaited. πŸ’° Japanese officials may have … Read more

Japan Intervenes with $35 Billion Yen to Boost FX Readiness as BOJ Considers April 29 Spending

Key Takeaways: πŸ’΄ Japan ready to handle foreign exchange matters 24/7 πŸ“ˆ Money market data suggests Japan spent $35 billion to support yen πŸ”„ Yen buying on Monday indicated possible intervention 🀝 IMF in close discussions with Japan on exchange rate regime πŸ“š Carry trades contribute to yen’s depreciation πŸ“‰ Yen has been depreciating due … Read more

Market Turmoil: Yen’s Rollercoaster Ride Continues as Investors’ Eyes Shift to Fed

Key Takeaways: πŸ’° Yen falls against the dollar following suspected intervention by Japanese authorities πŸ“‰ Yen was briefly at 156.50 before recovering to 157 πŸ’Ή Bank of Japan may wait before further intervention, 160 remains a critical level 🏦 BOJ left monthly bond buying plan unchanged for May πŸ‡ΊπŸ‡Έ Focus shifts to the Federal Reserve’s … Read more

Forex Market Watch: Dollar Gains and Yen Clings Ahead of Fed Meeting

Key Takeaways: πŸ’΅ Dollar gained ahead of Fed meeting πŸ‡―πŸ‡΅ Yen retreated after suspected intervention πŸ‡ͺπŸ‡Ί EUR/USD struggled to make ground against the strong dollar πŸ›’ German retail sales rose more than expected in March πŸ’Ά Eurozone inflation and growth data awaited πŸ‡¬πŸ‡§ GBP/USD fell due to dollar strength πŸ‡¨πŸ‡³ USD/JPY rose with yen weakened … Read more

Impact of Yen Intervention and Fed on Asian Markets: A Volatile Week Ahead

Key Takeaways: πŸ’° Yen fell against the dollar on Tuesday πŸ“‰ Currency off its 34-year low after intervention πŸ‡―πŸ‡΅ Japanese authorities may not be targeting specific levels 🏦 Investors expect Japanese bonds to remain low πŸ“ˆ Fed expected to hold rates, likely to have a hawkish message πŸ’΅ Dollar rose against a basket of currencies … Read more

Yen Holds Steady After Suspected Intervention, Focus on Fed Policy

Key Takeaways: πŸ’Ή Yen struggles to maintain gains against the dollar after suspected intervention πŸ“‰ Yen still below pre-BOJ policy announcement levels despite recent rebound πŸ›οΈ Market expectations of Fed maintaining rates at 5.25%-5.5% with potential hawkish message πŸ“‰ Lower yen expected due to potential Fed message leading to possible MOF intervention 🌐 Divergent economic … Read more

Mercedes-Benz Vows to Defend Pricing Levels Amid Cryptoverse TON Telegram Tie-up

Key Takeaways πŸ’° TON coin has surged in value due to integration with Telegram πŸ“ˆ TON token reached $7.63 in April 2022, much higher than previous values πŸ“± "Super app" concept integrating payments, social media, and shopping is driving interest 🌐 TON wallet within Telegram has over 6 million monthly users 🚫 Facebook’s Libra project … Read more

Analyzing the Japanese Yen’s Historical Plunge and Currency Market Interventions

Currency Market Updates: πŸ’Ή Japan’s yen saw a sudden jump on Monday due to intervention from authorities πŸ“‰ Yen’s value against the dollar dropped nearly 11% this year and 35% over the last three decades πŸ”„ Yen has been weak against multiple currencies over the last four years πŸ“ˆ Weak yen has positively impacted Japan’s … Read more

Yen Surges Against Dollar Amid Suspected Intervention in Japan

Key Takeaways: πŸ’Ή The yen surged against the dollar due to suspected intervention by Japanese authorities πŸ“‰ The dollar dropped to 154.40 yen from 160.245 earlier in the day 🌐 Some traders hoped the Bank of Japan would taper purchases to slow down the yen’s decline, but it did not πŸ“ˆ Currency traders believe Japanese … Read more