Japanese Yen sticks to modest intraday gains against USD, upside potential seems limited – FXStreet
The Japanese yen strengthened following the release of Japan’s consumer inflation statistics. Uncertainty over the Bank of Japan’s future policy measures does not allow for meaningful upside. A moderate USD strength could help limit losses on the USD/JPY pair. The Japanese yen (JPY) has shown a modest recovery after hitting a year-to-date low on Friday […]
Japanese Yen stands tall near one-month top against USD on hawkish BoJ talks – FXStreet
share: The Japanese yen continues to receive support due to expectations that the Bank of Japan will change its hawkish stance. Bets on Fed June interest rate cut hurt USD and put further pressure on USD/JPY. An upwardly revised version of Japan’s fourth-quarter GDP report contributed to the mood of expectations on Monday. […]
Markets Week Ahead: USD, Euro and Gold Eye Inflation Data, Sterling Supported – DailyFX
General sentiment soared over the past week, dominated by Nvidia’s impressive results and encouraging guidance for Q1 2024. The chipmaker helped the S&P 500 reach an all-time high again, with Japan’s benchmark index also achieving the same feat for the first time in his 34 years. Oddly enough, high market sentiment led to a rise […]
Japanese Yen softens to 148 against USD, BoJ's hawkish tilt could limit losses – FXStreet
share: The Japanese yen has been struggling to take advantage of the recovery from the previous day’s year-to-date low. Hawkish expectations from the Fed will support the USD and further support the USD/JPY pair. Betting on an imminent change in the Bank of Japan’s policy stance will help limit the yen’s downside. The […]
Japanese Yen remains on the back foot against USD, lacks follow-through ahead of US GDP – FXStreet
share: The Japanese yen fell slightly against the US dollar on Thursday, but the downside appears to be limited. The risk-on mood and the recent widening of the Japan-U.S. interest rate differential are putting pressure on the yen. The Bank of Japan's hawkish leanings could be a tailwind for the yen, as the […]