The Japanese Yen edges lower as the BoJ is widely expected to leave interest rates unchanged on Friday. The downside of the Japanese Yen could be limited as investors’ caution prevails ahead of the BoJ policy decision on Friday. CME FedWatch Tool indicates that the likelihood of a Fed rate cut in September decreased to 61.5, […]
The Japanese Yen lost ground as US Dollar advanced on robust jobs data. The mixed Japanese data may limit the downside of the JPY. Japan’s 10-year government bond yield moves above 1.01% ahead of the BoJ policy meeting on Friday. The Japanese Yen (JPY) edges lower for the successive second trading day on Monday. The […]
USD/JPY rises to 157.67, driven by Federal Reserve’s commitment to higher rates. Technical indicators show strong bullish momentum, with key resistance at 158.00. Intervention threats by Japanese authorities keep buyers cautious as pair advances. The USD/JPY climbs to a four-week high yet it remains capped by intervention threats by Japanese authorities. Federal Reserve officials’ tough […]
Share: USD/JPY finally broke with the 145.00 resistance and rose near 145.55, tallying a six-day winning streak. A cautious market mood supported the USD—eyes on Retail Sales from July and FOMC minutes. Eyes on preliminary Q2 GDP figures from Japan to be released on Tuesday. At the start of the week, the USD/JPY […]
Share: USD/JPY trades flat at 143.35 after finding support at a low of 142.22. According to ADP, the number of employed people rose by 324k in July. Rising yields allowed the USD to gain traction. On Wednesday, the USD gained traction following hot labour market data from the US. The DXY index trades rose […]
Share: USD/JPY bears are waiting to make the move. Bears eye key resistance near a 61.8% Fibonacci, but note higher prospects. The yen dropped against the dollar on Friday after Reuters reported the Bank of Japan (BoJ) is leaning toward keeping its key yield control policy unchanged next week. We have seen a […]
Share: Japan’s Consumer Price Index (CPI) for June reports a YoY increase of 3.3%, slightly above the previous 3.2% figure, but falls short of the anticipated 3.5%. Reuters report on BoJ’s monetary stance causes USD/JPY to break away from the 140.00 range seen through most of the Asian session. The USD/JPY uptrend could […]
Share: Early Wednesday morning in Asia, the latest Reuters Tankan survey showed that the sentiment at big Japanese manufacturers fell in July for the first time in six months while confidence at non-manufacturers – while still very robust – edged down for a second straight month. The survey acting as a leading indicator […]
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Yesterday, the US CPI report missed expectations across the board and led to a big selloff in the US Dollar. The market pricing for a 25 bps hike at the July meeting hasn’t change though as the labour market tightness and no hints of a skip or pause from the Fed speakers probably contributed to […]
Share: Japanese Yen strengthens against the US Dollar, with USD/JPY tumbling amid falling US bond yields and a mixed market mood. BOJ data suggests wage increase among small and medium-sized firms; possible end to the massive stimulus triggers jump in JGBs. Traders anticipate US June CPI data; Fed officials express concerns over high […]
Share: USD/JPY attracts some buyers and sees a rally to near the 143.00 region Investors digest the US labor data, believing the Federal Reserve (Fed) may not hike twice this year. The possible FX intervention by the Japanese central bank might keep USD/JPY’s upside in check. Traders might prefer to wait on the […]
Share: Japan’s top currency diplomat Masato Kanda said early Tuesday that he is communicating with various countries including the US over currencies, per Reuters. It’s worth noting that Japan Chief Cabinet Secretary Hirokazu Matsuno and Finance Minister (FinMin) Shunichi Suzuki have also recently flagged concerns about the Asian major’s market intervention as the […]
