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 US Dollar (USD) weakness has stabilised; there is no clear directional bias, and it could trade in a broad range of 146.00/152.00, UOB Group Quek Ser Leang and Lee Sue Ann note. USD may try to reach 149.50 near term 24-HOUR VIEW: “Our view for USD to trade in a range yesterday was incorrect, […]
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 […]
USD/JPY surges 240+ pips, trading at 146.86, fueled by BoJ comments. Breaking 148.00 may target Tenkan-Sen at 148.45, then 149.00. Failure to hold 146.37 could lead to pullback to 146.00 and 145.00. The USD/JPY soared late in the North American session, up by more than 1.50% or 240 plus pips, after a Bank of Japan […]
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 […]
USD/JPY gains ground around 159.10 in Friday’s early Asian session, up 0.19% on the day. Traders raised their bets on Fed rate cuts in September after the softer US June CPI inflation. Further possible FX intervention from Japanese authorities might support the JPY and cap the pair’s upside. The USD/JPY pair holds positive ground near […]
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 […]
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Fundamental Overview The USD last week finished slightly positive but overall, it was a pretty flat week. We got some great US PMIs on Friday which showed growth without inflationary pressures. In fact, despite the strong PMIs the market pricing for interest rates remained unchanged. That should be positive for risk sentiment for the time […]
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 […]
