AUD/JPY gains ground due to uncertainties regarding the future BoJ interest rates outlook. BoJ’s Summary of Opinions highlighted divisions among policymakers regarding the timing of future rate hikes. The Australian Dollar faced challenges as China’s latest stimulus measures fell short of investors’ expectations. AUD/JPY retraces its recent losses from the previous session, trading around 101.20 […]
Atsushi Mimura, Japan’s Vice Finance Minister For International Affairs and top foreign exchange official, said on Thursday, he is “closely watching FX moves with a high sense of urgency.” He added that he is “ready to take appropriate actions for excess FX moves if necessary.” Market reaction USD/JPY eased off 154.72, its intraday high, losing 0.11% […]
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The Japanese Yen appreciates as the US Dollar remains tepid ahead of the US labor data release on Friday. Japan’s Economy Minister Akazawa stated that the timing of any monetary policy changes is crucial Traders await Friday’s US employment data, including Nonfarm Payrolls (NFP) and Average Hourly Earnings, for further direction. The Japanese Yen (JPY) […]
Japan Jibun Bank Services PMI below expectations (53.9) in September: Actual (53.1) Source link
The Japanese Yen loses ground as the BoJ’s Summary of Opinions signals its intention to maintain an accommodative monetary stance. The JPY struggled as Japan’s upcoming PM Ishiba stated the need to maintain low rates to help economic recovery. The US Dollar receives support as traders adopt caution amid rising geopolitical tension in the Middle […]
Asian equities trades were mixed on Monday. Chinese stocks close sharply higher due to Beijing’s stimulus measures. Nikkei was down over 4.80% after Ishiba won the LDP election. Asian stock markets trade mixed on Monday. The Chinese stocks lead gains on more policy measures in China, while the concerns Japan’s new Prime Minister favores normalizing interest rates […]
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 […]
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 […]
The Japanese Yen edges higher following the Jibun Bank Services PMI on Wednesday. Japan’s Yoshimasa Hayashi monitors domestic and international market developments with urgency. The US Dollar holds ground as traders adopt caution ahead of US employment data. The Japanese Yen (JPY) continues to strengthen against the US Dollar (USD) following the release of the […]
The Japanese Yen edges higher as the government will allocate ¥989 billion to fund energy subsidies. The JPY faced challenges as weak Japanese manufacturing data fueled speculation that the BoJ might postpone further rate hikes. The US Dollar receives support from improving Treasury yields. The Japanese Yen (JPY) ended its four-day losing streak, edging higher […]
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any […]
