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 […]
AUD/JPY loses gains as BoJ’s Ueda indicated no change in policy easing stance if the upcoming data align with forecasts. BoJ Governor Ueda stated that he is not considering selling long-term Japanese government bonds as a tool for adjusting rates. The Australian Dollar receives support from the improved risk aversion ahead of the Fed Powell’s speech. […]
The downside of the Japanese Yen could be limited as BoJ is highly expected to implement further rate hikes. Recent economic growth in Japan raises the possibility of another near-term BoJ rate hike. The US Dollar gains ground as Treasury yields attempt to retrace recent losses. The Japanese Yen (JPY) declines against the US Dollar […]
The Japanese Yen advances due to rising odds of a further rate hike by the BoJ. Due to political uncertainty, the Yen may face challenges; Prime Minister Fumio Kishida will not seek re-election in September. The US Dollar faces pressure from declining US Treasury yields and increasing bets on a Fed rate cut. The Japanese […]
GBP/JPY gains ground despite lower-than-expected Consumer Price Index data from the United Kingdom. UK Consumer Price Index rose at 2.2% YoY in July, against the expected 2.3% growth. The downside of the Yen could be limited due to safe-haven flows amid rising Middle-East tensions. GBP/JPY extends its winning streak for the third consecutive session, trading […]
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 […]
The Japanese Yen edges lower despite the hawkish sentiment surrounding the BoJ policy decision due on Wednesday. The Bank of Japan is widely expected to raise interest rates by ten basis points. CME FedWatch Tool suggests a 100% probability of at least a 25 basis points Fed rate cut in September. The Japanese Yen (JPY) […]
Japanese Chief Cabinet Secretary Yoshimasa Hayashi is out with some verbal intervention, as the Yen once again sees heavy selling pressure against the US Dollar early Tuesday.e Key quotes No comment on forex intervention. Believe forex should reflect fundamentals. Market reaction USD/JPY is holding higher ground near 158.65 on these above comments, adding 0.40% on the […]
Speculative investors’ short Japanese Yen (JPY) positions are close to a record. USDJPY could see bouts of pullbacks if US data continues to point to a soft landing, UBS FX strategists note. Short Yen positions are close to a record “The Japanese Yen jumped as much as 3% against the US Dollar (USD) after the […]
The Japanese Yen appreciates as US Dollar faces challenges following weaker-than-expected US employment growth data released on Friday. Japan’s Current Account surplus increased to ¥2,849.9 billion ($17.78 billion) in May, up from the prior ¥2,050.5 billion. Friday’s employment data prompted speculation that the Fed could initiate rate cuts sooner. The Japanese Yen (JPY) extends its […]
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 investment decisions. FXStreet […]
The Japanese Yen holds ground, possibly due to verbal intervention by Japanese authorities. Japan’s Masato Kanda said he would intervene around the clock if necessary. The US Dollar edges higher as Fed officials keep delaying the timing of the first interest rate cut in 2024. The Japanese Yen (JPY) holds its position, possibly due to verbal […]
