Tag Archives: Bank of Japan

Japan’s core inflation rate accelerated for the third consecutive month in July, according to data released on Friday, raising challenges for the Bank of Japan (BOJ) as it considers future interest rate hikes. The nationwide core Consumer Price Index (CPI), which excludes volatile fresh food items, rose 2.7% year-on-year, slightly …

The U.S. dollar continued its downward trend on Tuesday, edging closer to seven-month lows as growing expectations of a Federal Reserve interest rate cut in September weighed on the currency. As of 04:00 ET (09:00 GMT), the Dollar Index, which measures the greenback against a basket of six major currencies, …

The U.S. dollar experienced a broad decline on Monday, with a particularly sharp drop against the Japanese yen, as investors anticipated a dovish tone in the Federal Reserve’s upcoming July policy meeting minutes and Chair Jerome Powell’s speech at the Jackson Hole Symposium. The greenback fell over 1% to 146.01 …

The yen experienced volatility on Wednesday following the Bank of Japan’s (BOJ) announcement to raise interest rates and outline a comprehensive bond tapering plan. Initially, the yen surged 0.8% to a three-month high of 151.58 per dollar immediately after the BOJ’s decision, only to reverse those gains minutes later as …

The Japanese yen edged higher on Monday, recovering from early losses as sentiment remained fragile following a significant rally last week. This rally was driven by a tech-led stock rout in the U.S., which increased demand for safe haven assets like the yen. Market Focus on Upcoming Policy Decisions Traders …

By The USD/JPY pair has plummeted over 0.85% and dropped below the Ichimoku Cloud (Kumo) for the first time since January 15, hinting at possible extended downtrend. Bearish RSI suggests further falls, with supports at 155.00, 154.55, 151.86, and resistance at 156.33. A breach may push to 157.00, potentially reversing …

Japanese authorities are keeping markets on high alert as they reaffirm their commitment to take necessary measures against excessive volatility in the yen. The recent sharp decline of the currency to 38-year lows has sparked speculation about potential government intervention, and recent statements by Chief Cabinet Secretary Yoshimasa Hayashi have …

Japan’s top currency diplomat, Masato Kanda, who will instruct the BoJ to intervene, when he judges it necessary, said on Friday that the recent move of the Japanese Yen (JPY) is somewhat rapid and he will take appropriate measures on foreign exchange (FX) if needed. At the time of writing, …

The Yen’s decline continues, as the GBP/JPY pair rises to all-time highs. Japanese policymakers issue more pointed warnings in response to the collapsing JPY. Given the continued huge rate differential, market flows are unlikely to change. Wednesday saw the GBP/JPY pair achieve a record 16-year high, the fourth day in …

The Japanese Yen has fallen further due to investors’ uncertainty about the Bank of Japan’s (BoJ) policy normalization process. Japan’s economy is estimated to have contracted by 0.4% in the January-March period, exhibiting a weak start to the year. The US Dollar will dance to the tunes of US consumer …