USD/JPY drops below 155.00 mark for the first time in seven weeks – ForexLive
USD/JPY daily chart This week has seen a recurring theme of the Japanese Yen garnering some buying orders in currency deliveries from Asia to Europe. And overall, the Yen itself has held up across the board, even as the dollar has also held up against other currencies in the major currency zone. And this is […]
USD/JPY drops below 156.00 amid suspected BoJ intervention – FXStreet
USD/JPY lost momentum around the 155.75i range in early Asian trading on Thursday, down 0.30% from the previous day. Japan’s exports increased for the seventh consecutive month in June. The growing likelihood of a US interest rate cut and a dovish message from the Fed is likely to cap the upside for this currency pair. […]
USD/JPY update, having a Freaky Friday – ForexLive
First, let’s look at how we got here. Thursday US time: Asia, Friday morning: As soon as I published my last post I was branded a liar and it plummeted again to below 158.20. The Bank of Japan has been active, with the Nikkei newspaper reporting a series of “interest rate checks” (explained below where […]
USD/JPY trades with positive bias near 161.00, just below its highest level since 1986 – FXStreet
USD/JPY remains at its highest level in decades as the interest rate differential between the US and Japan widens. Fears of intervention may discourage bulls from making fresh investments in major currencies. Traders are now looking to the US ISM Manufacturing PMI for near-term momentum. The USD/JPY pair started the new week on a subdued […]
US Dollar Index Prints a One-Month High, USD/JPY Rallies Post-BoJ Meeting – DailyFX
US Dollar Index hits highest in one month, USD/JPY falls after Bank of Japan meeting Recommended by Nick Corley Forex for Beginners The US Dollar Index continues its recent upward trend, supported by declines in the Euro and the Japanese Yen. The Euro fell in the wake of last weekend’s European Parliament elections and expectations […]
USD/JPY approaching 157.40 amidst broad Yen weakness – FXStreet
The US dollar/yen rose on Wednesday as yen selling continued. Yen traders will be keeping a close eye on Tokyo CPI inflation figures on Friday. This week, US GDP and PCE inflation will be key data points for rate cut hopefuls. USD/JPY moved to higher territory, trading near the $157.40 mark on Tuesday, as a […]
ForexLive Asia-Pacific FX news wrap: USD/JPY sitting just above 157.00 – ForexLive
Asia was in a subdued trade, with little recovery due to the strength of the US dollar and the decline in “risk” seen on Thursday. The US has a public holiday on Monday, and bond markets will close early on Friday. Traders in Asia seemed determined to close even earlier. The focus of the session […]
US Dollar’s Path Tied to Inflation Outlook; Setups on EUR/USD, USD/JPY, GBP/USD – DailyFX
Most read: US dollar strengthens, outperforming US CPI data. EUR/USD, USD/JPY, GBP/USD settings After a lackluster performance earlier this month, the US dollar (DXY index) rose last week, gaining about 0.23% to 105.31. The recovery was fueled by a slight rise in U.S. Treasury yields and widespread caution among traders as they await the release […]
ForexLive Asia-Pacific FX news wrap: USD/JPY back above 155.00 – ForexLive
Numerous comments from both Japan’s Finance Minister Suzuki and Bank of Japan Governor Ueda appeared on the News Telegraph this morning in Tokyo, but neither could significantly support the yen. The counterfactual is that without them the Japanese Yen would have fallen faster, but here in the real world, the currency has fallen again regardless. […]
ForexLive Asia-Pacific FX news wrap: Kanda ignites USD/JPY jump – ForexLive
Japan’s Treasury Vice-Minister Kanda said he had nothing to say about U.S. Treasury Secretary Janet Yellen’s weekend comments on foreign exchange. If you missed Yellen’s comments, please refer to the Kanda link above. However, in a nutshell, she only expressed her mild support for Japanese intervention. As a result, Japan appears to be acting alone […]