Japanese Yen ticks lower against USD, remains close to over two-month low ahead of US PPI – FXStreet
Amid uncertainty about the Bank of Japan's interest rate hike, the Japanese yen has been unable to extend its overnight appreciation. A modest rise in the USD further supports USD/JPY regaining some positive traction on Friday. A weakening risk tone could limit the yen's losses ahead of the US PPI report and put a cap […]
Japanese Yen drifts lower amid fading hopes for more BoJ rate hikes, ahead of FOMC minutes – FXStreet
The Japanese yen is attracting some sellers due to uncertainty surrounding the Bank of Japan's further interest rate hike. Hopes for a possible ceasefire between Hezbollah and Israel further undermine the safe-haven Japanese yen. There are concerns that the intervention will limit USD/JPY as demand for the dollar weakens ahead of the FOMC meeting. The […]
Japan's top FX diplomat warns against speculative moves as yen falls – Yahoo Finance
Makiko Yamazaki, Takaya Yamaguchi TOKYO (Reuters) – Japan's top currency diplomat warned on Monday against speculative moves in foreign exchange markets as the yen fell below 149 yen to the dollar. Atsushi Mimura told reporters, “We will monitor movements in the foreign exchange market, including speculative trading, with a sense of urgency,'' reviving the verbal […]
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 […]
Japanese Yen depreciates as US Dollar holds ground, ADP Employment Change awaited – FXStreet
The Japanese yen fell as the Bank of Japan's opinion summary indicated it intended to maintain an accommodative monetary stance. Japan's Minister of Economy, Trade and Industry Akazawa said Prime Minister Ishiba expected the Bank of Japan to conduct an economic assessment before raising interest rates further. The U.S. dollar has found support as traders […]
Yen steadies, dollar slips as China reaches for stimulus By Reuters – Investing.com
Written by Tom Westbrook SINGAPORE (Reuters) – A sharp rise in the yen stabilized on Monday as Japan's next prime minister suggested monetary policy should remain accommodative, but the dollar remained buoyed by investors' hopes for an improvement in China's economy. The currencies of resource-rich countries fell. Japan's yen soared on Friday after Shigeru Ishiba, […]
Japanese Yen drops as no candidate secures majority in the first round of LDP voting – FXStreet
Japanese yen subsequently recovers daily losses Shigeru Ishiba won the party leadership election and became Prime Minister. The Tokyo Consumer Price Index rose 2.2% year-on-year in September, slowing from the 2.6% rise in August. The US dollar is under downward pressure from dovish Fedspeak. The Japanese yen (JPY) rose after former Defense Secretary Shigeru Ishiba […]
MUFG: Yen outlook amid upcoming LDP leadership election – ForexLive
Sanae Takaichi Voting will take place on Friday afternoon, with the results of the first round to be announced at 2:20 p.m. If the top candidate fails to receive a majority, a runoff election will be held, with the results to be announced at 3:30 p.m. Tokyo time. MUFG is highlighting that investors may be […]
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 […]