The Japanese Yen continues losing ground amid the uncertainty over BoJ’s rate-hike plans. The recent intervention warnings and the risk-off mood do little to lend support to the JPY. An extension of the recent USD rally pushes the USD/JPY pair to a nearly three-month high. The Japanese Yen (JPY) remains on the back foot against […]
EUR/JPY drifts lower amid bets for another ECB interest rate cut later this Thursday. The BoJ uncertainty and a positive risk tone cap the JPY, lending support to EUR/JPY. Traders keenly await the ECB rate decision and cues about the further policy path. The EUR/JPY cross attracts fresh sellers during the Asian session on Thursday, […]
Bank of Japan (BoJ) board member Seiji Adachi said on Wednesday that “if inflation moves sustainably, stably around 2%, the BoJ can guide monetary policy in a way allowing for policy rate to move roughly in line with neutral rate.” Additional quotes If chance of underlying inflation exceeding 2% heightens, the BoJ will raise its policy rate […]
The Japanese Yen struggles to lure buyers amid uncertainty over future BoJ rate hikes. Hopes for a possible Hezbollah-Israel ceasefire further undermine the safe-haven JPY. Intervention fears cap USD/JPY amid subdued USD demand, ahead of FOMC minutes. The Japanese Yen (JPY) attracted some intraday sellers on Tuesday and assisted the USD/JPY pair to stall its […]
USD/JPY enters a bullish consolidation phase near its highest level since August 19. Bulls seem reluctant to place fresh bets ahead of the release of the US NFP report. BoJ rate hike uncertainty and reduced bets for a 50 bps Fed rate cut lend support. The USD/JPY pair is seen oscillating in a narrow range […]
The Bank of Japan (BoJ) announced on Friday that it maintained the short-term rate target in the range of 0.15%-0.25%, following the conclusion of its two-day monetary policy review meeting. The decision aligned with the market expectations. In July, the BoJ surprised markets by raising the policy rate by 15 basis points (bps) from the […]
USD/JPY slumps to near 142.00 as the US Dollar corrects after the US PPI report release. The US headline and core PPI for August came in softer-than-expected. BoJ Tamura sees interest rates rising to at least 1%. The USD/JPY pair falls sharply to near 142.00 in Thursday’s North American session. The asset declines as the […]
The US Dollar (USD) is likely to trade with a downward bias; the probability of it breaking the significant support at 140.80 is not high, UOB Group FX analysts Quek Ser Leang and Peter Chia note. Probability of it breaking below 140.80 is not high 24-HOUR VIEW: “We expected USD to trade in a range […]
USD/JPY ticks higher for the second straight day and draws support from a combination of factors. A downward revision of Japan’s GDP print and a positive risk tone undermines the safe-haven JPY. Reduced bets for a 50 bps Fed rate cut in September push the USD higher and further lend support. The USD/JPY pair turns […]
Bank of Japan (BoJ) Board Member Hajime Takata is back on the wires early Europe on Thursday, noting that “if the economy, prices move in line with our forecast, we will adjust policy rate in several stages.” Additional quotes Don’t have specific image in mind when I say we need to spend “sufficient time” to […]
The Bank of Japan (BoJ) Deputy Governor Ryozo Himino said on Wednesday that the financial and capital markets remain unstable and the Japanese central bank needs to monitor these developments with utmost vigilance. Key quotes The financial and capital markets remain unstable. The BoJ needs to monitor these developments with utmost vigilance. BoJ also intends to carefully examine […]
GBP/JPY tumbled back to 203.00 as markets suspect continued market intervention. The Yen soared a full percent against the Pound Sterling on Wednesday. This follows last week’s 2% sudden decline and a surge in BoJ spending. GBP/JPY continued a pattern of sharp declines on Wednesday, tumbling over a full percent on the day as markets […]
