Tag Archives: yen

Japanese Finance Minister Shunichi Suzuki said on Tuesday that foreign exchange (FX) intervention had effects to some effects, adding that the central bank will continue to respond appropriately when asked about forex. At the time of writing, USD/JPY is 0.19% higher on the day trading at 156.38. the USD/JPY pair …

The dollar rose today, boosted by higher US bond yields ahead of key inflation data later in the week and strengthened against the Japanese yen. The dollar reached as high as 157.715 yen, edging closer to levels that led to bouts of likely intervention from Tokyo at the end of …

The improved sentiment in the dollar came in line with hawkish FOMC Minutes and another set of positive results from US fundamentals, all reinforcing the Fed’s tighter-for-longer narrative ahead of key PCE data and more statements by Fed officials.Despite Friday’s pullback, the dollar managed to reverse recent weakness and closed …

EUR/JPY continues to rise, up 0.23% at the time of writing, due to a wide interest-rate differential between the Eurozone and Japan, which favours the Euro over the Japanese Yen. The absence of direct intervention by Japanese authorities to strengthen the Yen in early May has led to the pair …

Mohammed Hashad, Head of Research and Development at Noor Capital and a distinguished member of the US Association of Technical Analysts, provided insightful commentary and thorough analysis on the latest market dynamics and key asset performances in an exclusive interview with Dubai TV. Firstly, the markets are anticipating the Federal …

The USD/JPY pair is easing back, US Dollar sees broad-market selling pressure. US CPI inflation ticked lower, sparking rate cut hopes. Japanese GDP in the barrel for early Thursday. The USD/JPY pair eased on Wednesday, backsliding into the 155.00 handle after the US Dollar (USD) eased across the board, shedding …

The looming CPI data for April 2024 is practically intriguing and warrants close analysis. Its potential impact on major currency performance in the forex market is significant. In this report, we will look closely into the background of this crucial inflation data and explore its implications for currency price action, …

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 …

The USD Index (DXY) gave up some of its recent gain amid lower yields across the curve due to a data-driven sell-off. The BoE furthered the policy divide between the Fed and its G10 counterparts by holding rates steady and paving the way for a rate cut earlier than expected. …

Shunichi Suzuki, the finance minister of Japan, stated on Friday that he will be closely monitoring the foreign currency (FX) move and that, if necessary, he will take the appropriate action. The Japanese Yen (JPY) shows little to no market reaction to the verbal intervention. As of this writing, the …