Japanese Yen inches higher, upside seems limited due to waning likelihood of BoJ rate hike – FXStreet
The Japanese yen has strengthened while the dollar remains weak ahead of Friday's release of US labor data. Japan's Economy Minister Akazawa said the timing of monetary policy changes is important. Traders are awaiting Friday's U.S. jobs data, including nonfarm payrolls (NFP) and average hourly wages, for future direction. The Japanese yen (JPY) regained recent […]
BoJ Summary of Opinions: Member indicates readiness to adjust degree of easing if outlook is realized – FXStreet
On September 19th and 20th, the Bank of Japan (BoJ) announced the summary of opinions from the September Monetary Policy Meeting, and the main findings were as follows. main quote Japan's economy is recovering moderately, and prices are steadily rising. Economic activity and prices are generally trending favorably, and moderate growth is expected. There are […]
Japanese Yen remains subdued due to the potential for BoJ to delay rate hikes – FXStreet
The Japanese yen is under downward pressure as traders assess the Bank of Japan's policy outlook. Bank of Japan Governor Ueda suggested the bank would assess market and economic conditions before making any policy adjustments, suggesting there is no urgency to raise interest rates. The US Dollar is facing difficulties due to rising dovish sentiment […]
Japanese Yen holds ground despite increasing doubts over BoJ rate hikes – FXStreet
The Japanese yen has weakened slightly as the Bank of Japan is in no rush to raise interest rates. Japanese Finance Minister Suzuki said he expected the Bank of Japan to adopt appropriate monetary policy measures. Minneapolis Fed President Neel Kashkari believes additional interest rate cuts should and will come in 2024. The Japanese Yen […]
GBP/JPY falls to near 189.00 following the BoJ interest rates decision – FXStreet
GBP/JPY lost its upward momentum after the Bank of Japan's interest rate decision was announced. The Bank of Japan decided at its meeting on Friday to keep current interest rates unchanged at 0.15%. Policymakers are awaiting UK retail sales data for August to gain further insight into how the UK economy is performing. GBP/JPY ended […]
Japanese Stocks Rise as Yen Weakens While Investors Await BOJ – Yahoo Finance
(Bloomberg) — Japanese stocks rose as the yen weakened after Federal Reserve Chairman Jerome Powell warned against assuming further deep interest rate cuts, while investors await the Bank of Japan’s decision on Friday. Most read articles on Bloomberg The Tokyo Stock Price Index rose 2.5% as of 10:43 a.m. Auto and electronics exporters were the […]
EUR/JPY depreciates to near 156.00 as BoJ holds hawkish stance – FXStreet
EUR/JPY fell after the Bank of Japan hinted at further interest rate hikes if the economic outlook meets expectations. The Bank of Japan may raise interest rates to 0.5% by the end of 2024, according to a Fitch Ratings report. ECB policymaker Joachim Nagel said core inflation was heading in the right direction. EUR/JPY fell […]
USD/JPY surrenders modest intraday gains to 143.00 after BoJ Tamura’s hawkish remarks – FXStreet
USD/JPY is attracting fresh sellers following an intraday rally towards the 143.00 level. Bank of Japan's hawkish comments push up the yen, putting downward pressure on the currency pair. A strong recovery in US dollar demand and an upbeat mood in the market are providing some support. The USD/JPY pair has failed to capitalize on […]
Japanese Yen advances as BoJ Governor Ueda indicates further rate hikes – FXStreet
The Japanese yen rose following hawkish comments from Bank of Japan Governor Ueda in the Diet. The diverging policy outlook of the two central banks has caused the USD/JPY pair to fall. The US dollar fell following Fed Chairman Powell’s dovish tone at the Jackson Hole Symposium. The Japanese Yen (JPY) has continued to rise […]
Japanese Yen rises due to increasing odds of a further BoJ rate hike – FXStreet
The Japanese yen has strengthened as traders expect the Bank of Japan to raise interest rates further in the near future. Machinery orders in Japan rose 2.1% in June from the previous month, beating expectations of a 1.1% increase. The US dollar weakened as dovish comments from the Federal Reserve increased the likelihood of a […]