Bank of America (BofA) outlines three primary reasons why dips in the USDJPY exchange rate are likely to be both shallow and short-lived. Despite the Bank of Japan’s (BoJ) recent adjustments to its Yield Curve Control (YCC), BofA maintains its expectation for USDJPY to rise to 147 by September. Key Points: Unlikely Capital Repatriation: BofA
Japanese Yen, USD/JPY, US Dollar, Fitch, Nikkei, BoJ, BoE, Crude Oil, WTI – Talking Points Japanese Yen support wilted along with JGBs after US Dollar resumed rallying The markets are reappraising positioning with Treasury yields climbing again Risk assets remain under pressure. If that continues, will USD/JPY break 145? Trade Smarter – Sign up for
Comments on USD/JPY via MUFG: market is already leaning towards a weaker USD We therefore do not expect the USD/JPY to rise past 150 However, the weakening of the Yen suggests that we cannot write off another sharp move higher like the rise to 145 at the end of June. In the US, we expect
Share: USD/JPY seesaws at three-week high despite latest retreat. 10-year JGB yields jump to highest since 2014, BoJ announces unscheduled no-limit bond-buying. US Dollar bulls take a breather after US credit rating downgrade, ADP Employment Change favored buyers the previous day. A slew of US data eyed for clear directions, yields are the
US DOLLAR FORECAST The U.S. dollar, as measured by the DXY index, continues its impressive rebound, gaining strength from the surge in U.S. Treasury rates The rise in bond yields has a positive impact on USD/JPY, propelling the currency pair to its highest levels in almost four weeks. Market focus remains on the highly anticipated
Japanese Yen, USD/JPY, RSI Divergence, Rising Support – Technical Update: Japanese Yen under pressure by US Dollar again after BoJ Watch for key upside breakout over the remaining 24 hours RSI divergence shows fading upside momentum on 4-hour Recommended by Daniel Dubrovsky Get Your Free JPY Forecast The US Dollar is back on the offensive
US Dollar, Australian Dollar, Euro Vs Japanese Yen – Outlook: USD/JPY has rebounded sharply as the market digests BOJ’s minor tweak in the yield curve control policy. EUR/JPY and AUD/JPY are nearing stiff resistance areas. What is the outlook and what are the key levels to watch in USD/JPY, EUR/JPY, and AUD/JPY? Recommended by Manish
Share: The Yen is choppy but holds gains after BoJ allows the 10Y yield to rise as high as 1%. Economists at Scotiabank analyze JPY outlook. BoJ makes changes to its YCC policy The BoJ maintained its target for 10Y yields at 0% but henceforth, it will consider 0.5% as a reference point
The Bank of Japan met and eased their yield curve control on the 10 year effectively expanding their tolerance by a further 50 basis points to 1.0%. That news – and the other news this week – has the pair moving back toward a neutral level after up-and-down-volatility. The pair is trading near the 38.2%
Share: The pair stands rose nearly to 150.00 after four consecutive days of losses. USD/JPY surrendered earlier gains after the BOJ’s Monetary Policy Statement reaffirmed its ultra-loose policy. Core PCE from the US retreated to 4.1% YoY in June, fueling a decrease in US yields. At the time of writing, the USD/JPY pair is
