Share: Japanese Yen continues its recovery into the weekend on potential for divergent monetary policy. BoJ has started normalizing policy as other central banks are close to reaching the end of their tightening cycles. USD/JPY declines sharply after Nonfarm Payrolls miss brings into doubt further Fed rate hikes. The Japanese Yen (JPY)
Share: USD/JPY remains confined in a narrow range through the Asian session on Friday. Traders opt to wait on the sidelines ahead of the crucial US monthly jobs report. The divergent Fed-BoJ policy outlook continues to act as a tailwind for the major. The USD/JPY pair struggles to build on the overnight modest
USD/JPY AND AUD/USD OUTLOOK: USD/JPY retreats for the second straight day as the broader U.S. dollar softens after the Fed fails to steer markets toward pricing another hike Meanwhile, AUD/USD breaks out to the topside after clearing trendline resistance Attention now turns to Friday’s U.S. economic data, which includes the nonfarm payrolls report and the
I don’t envy Kazuo Ueda. The Bank of Japan governor faces the task of unwinding the world’s most-aggressive policy of QE and ultra-easy rates in the world’s most-indebted country. He took a small step towards less-aggressive policy on Tuesday and that has helped to prop up the yen. Earlier today, Reuters reported that the BOJ
Japanese Yen Prices, Charts, and Analysis The USD/JPY line in the sand has been crossed FOMC decision will steer USD/JPY in the short-term Recommended by Nick Cawley Get Your Free JPY Forecast The Japanese Yen is less than one point away from trading at its weakest level against the US dollar in over thirty-three years,
JAPANESE YEN FORECAST The Japanese yen depreciates sharply against the U.S. dollar and the euro after the Bank of Japan maintains its policy of negative rates and only modestly tweaks its yield curve control program Japan’s Ministry of Finance says it has not intervened in the FX market recently This piece examines the crucial technical
Number of traders net-short has increased by 0.04% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI USD/JPY BULLISH 12.32% 87.68% -27.42% Daily -13.62% Weekly 9.95% Daily 0.04% Weekly 3.39% Daily -1.87% Weekly of clients are net long. of clients are net short. Change in Longs Shorts
The currency pair maintained its position above the 149.00 marker during the early Asian trading hours on Tuesday, registering a daily change of 0.04%. This stability comes in light of speculation around the Bank of Japan’s (BoJ) potential alterations to its Yield Curve Control (YCC) approach, as suggested by a report, which has lent support
Share: The Bank of Japan’s (BoJ) published its quarterly outlook report, following its October policy meeting, with key highlights noted below. Key takeaways (via Reuters) Japan’s economy likely to continue recovering moderately. Inflation likely to slow, then re-accelerate as wages rise, inflation expectations heighten. Uncertainty over Japan’s economic, price outlook very high . Must be vigilant to
© Reuters. The trajectory of the currency pair is expected to remain largely unchanged, despite key events in Japan this week. This includes the Bank of Japan’s (BoJ) meeting and the Ministry of Finance’s (MoF) data intervention release, according to Goldman Sachs. The USD/JPY recently crossed the 150 threshold, a significant milestone that has drawn
