Japanese Yen faces challenges due to uncertainty with the Bank of Japan; USD/JPY reaches new multi-month high as USD strengthens.
The Japanese yen (JPY) is struggling against the strong US dollar (USD), recently dropping to its lowest level since February 12 during the Asian trading session on Tuesday. Investors seem to be uncertain about when the Bank of Japan might raise interest rates. The new Prime Minister, Sanae Takaichi, is expected to focus on a […]
USD/JPY remains steady near multi-month peaks as US data is released and Japan observes a holiday.
Yen Strengthens Against Dollar Amid Limited Market Activity On Monday, the Japanese yen (JPY) gained strength against the US dollar (USD) as Japanese markets were closed for a public holiday, leading to lower volatility. As of now, the USD/JPY remained steady at approximately 154.18, just below an 8-1/2-month peak, while traders analyzed the latest manufacturing […]
Japanese Yen shows minimal movement following National CPI; stays near multi-month low against USD.
Japanese Yen faces challenges as interest rate hike expectations from the BOJ decline. Japan’s national CPI report typically lacks significant influence. Traders seem hesitant ahead of the Senate elections in Japan scheduled for Sunday. The Japanese Yen (JPY) struggled during Friday’s Asian trading, showing weakness against the US dollar and lingering at levels not seen […]
EUR/USD Price Analysis: Bulls tighten grip as pair surges to multi-month highs – FXStreet
The EUR/USD extended the rally after the European session and traded near a fresh months of high above the main moving average. The pair surged more than 3.70% in a week, resulting in a critical shift in prospects in the favor of buyers. The EUR/USD took a major position on Wednesday, and was pushed further […]
Gold price retreats further from multi-month top set on Friday on stronger USD – FXStreet
As US dollars recovered slowly, gold prices have become in the New Year softly. FRB's interest -down observation and decrease in US Treasury yields may reduce further rise in US dollars. Relatulating concerns about the trade war may reduce the loss of the safety currency XAU/USD pair. The gold price (XAU/USD) attracts a slight sale […]
Japanese Yen remains close to multi-month low against US Dollar – FXStreet
The Japanese yen continues to fall due to fluctuations in expectations for the Bank of Japan's interest rate hike. au Jibun Bank Service PMI was revised downward to 50.9 from 51.4 in December. Amid the Fed's hawkish stance, the US dollar is near a two-year high, supporting USD/JPY. The Japanese yen (JPY) attracted new sellers […]
Japanese Yen drops to fresh multi-month low against USD, bears not ready to give up – FXStreet
The Japanese yen continues to fall amid uncertainty about the Bank of Japan's interest rate hike. The USD bullishness is helping the USD/JPY pair rally to the top for the first time in months. Yen bears are ignoring the possibility of intervention by Japanese authorities. The Japanese yen (JPY) has been underperforming against the US […]
Japanese Yen dives back closer to multi-month low against USD on US election results – FXStreet
The Japanese yen has been unable to capitalize on the modest appreciation led by the hawkish Bank of Japan minutes. Uncertainty about the Bank of Japan's interest rate hike and risk-on impulses are weighing heavily on the yen. The US election results will cause a sharp rise in the USD, pushing the USD/JPY pair higher. […]
Dollar continues to fall; euro near multi-month high – Investing.com
Investing.com – The US dollar fell on Wednesday, adding to losses from the previous day, while the euro rose despite signs of a weakening euro zone economy. As of 4 a.m. ET (9 a.m. GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was trading down 0.1% at 100.080 […]
EUR/USD hangs near multi-month low, defends 1.1000 mark ahead of ECB meeting – FXStreet
EUR/USD is stabilizing above the 1.1000 level as traders eagerly await the ECB's policy decision. Diminished expectations of more aggressive Fed easing have weakened the US dollar, limiting gains for major currencies. Traders appeared cautious ahead of major central bank event risks and the release of the U.S. Producer Price Index. The EUR/USD pair struggled […]