EUR/JPY continues to rise as talk of an ECB rate increase puts pressure on the Yen
The EUR/JPY pair saw an increase for the third consecutive day, and traders are hopeful for a positive finish as they look ahead to the weekend. Interestingly, the euro hasn’t fully capitalized on the European Central Bank’s (ECB) optimistic signals regarding interest rates for September, as reported by sources from Bloomberg. Euro rises as ECB’s […]
Japanese Yen remains close to a forty-year low as sellers become wary of intervention risks.
USD/JPY Currency Pair Update The USD/JPY pair has been fluctuating slightly, showing some minor gains and losses during Asian trading on Monday. It’s hovering just below the mid-162.00 yen mark, which is notable given the relatively low liquidity caused by a Japanese holiday. Interestingly, the spot prices are close to a 40-year peak set earlier […]
Japanese Yen: A shift in domestic investment may aid recovery
Yen Nearing Cyclical Low Signals Shift in Bond Investments Derek Halpenny from MUFG pointed out that the Japanese yen (JPY) is lingering close to a cyclical low. However, indications from the Government Pension Investment Fund (GPIF) and Nippon Trust suggest a renewed interest in government bonds. Halpenny believes that officially ending Abenomics-inspired risk-taking could be […]
Euro dips as Yen strengthens amid risk aversion, ECB rate increase anticipated
As of Thursday, EUR/JPY was hovering around 185.80, showing little change for the day after reaching a one-month peak earlier this week. The euro (EUR) continues to get support from expectations of further monetary tightening from the European Central Bank (ECB), though it has weakened a bit as the Japanese yen (JPY) has found some […]
British Pound softens against Yen after reaching highest point since 2007
The pound/yen currency pair saw a slight decline on Thursday, easing off after reaching its highest level since December 2007 the day before. The British pound has found some strength, partly due to expectations of reduced political ambiguity and improved fiscal responsibility. At this time, the exchange rate was approximately 219.00, reflecting a drop of […]
Japanese Yen gains slightly but stays close to long-term lows.
The Japanese yen (JPY) held onto slight gains against the US dollar (USD) on Wednesday, though it faced challenges in making further recovery, even after the dollar weakened notably due to disappointing US inflation figures. As of now, USD/JPY was sitting around 162.14, which is a 0.07% decrease for the day. The US producer price […]
Falling yen may result in no cost of living adjustment for US soldiers in Japan
YOKOTA AIR BASE, Japan — Many U.S. military personnel stationed in Japan may soon face cuts to their cost-of-living allowances, which are intended to mitigate the expenses associated with being overseas. This potential loss comes as the Japanese yen has recently plunged to levels not seen in four decades against the U.S. dollar. As of […]
Japanese Yen stabilizes as USD supporters anticipate US CPI and Warsh’s remarks
During Tuesday’s Asian trading session, the USD/JPY pair is hovering just under the mid-$162.00 range, reflecting a consolidation of strong gains from the previous day. However, prices are still near a 40-year high that was reached earlier this month, leading traders to feel a bit uneasy—especially with whispers of possible intervention by Japanese officials in […]
Euro increases in value against Japanese Yen as the latter struggles overall.
During European trading on Wednesday, the euro (EUR) gained 0.1% against the Japanese yen (JPY), trading at roughly 185.20. This came as the yen struggled against other currencies, even though Japan’s Growth Strategy Minister Shiroichi emphasized that the government is not advocating for a low interest rate scenario. In a memo from MUFG, Japan’s Growth […]
Japanese Yen: Discussion on inflation trends influences future expectations
Jane Foley, a senior currency strategist at Rabobank, examines the recent gains of the Japanese yen (JPY) and raises doubts about whether the Bank of Japan (BOJ) is effectively managing inflation. She pointed out strong government bond auctions and a rise in foreign investments in Japanese government bonds, alongside the BOJ’s projections for inflation. However, […]