Tag Archives: yen

The USD/JPY pair rises up 0.06%, but fails to break above 158.00. Key supports at 157.00, 156.00, and bottom of the Kumo at 155.50/60; further support at 155.37 and 155.00. Potential resistance at 157.50 and July 16 peak at 158.85 if buyers push the pair higher.The USD/JPY edged up during …

The U.S. dollar gained slightly on Friday, setting the stage for a positive week, while the British pound retreated following the release of disappointing retail sales figures. Dollar Finds Support: The dollar index, which tracks the greenback against a basket of six major currencies, rose 0.2% to 104.065, recovering from …

The US dollar has gained significant ground against the Japanese yen, even amidst fears of intervention by the Bank of Japan. During yesterday’s trading session, the USD/JPY pair reached 158.30, following an earlier low of 157.97. Tokyo data reveals that approximately 2.14 trillion Japanese yen (equivalent to 13.5 billion US …

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 …

Mohammed Hashad, Head of Research at Noor Capital and a member of the American Society of Technical Analysts, dissected Jerome Powell’s recent testimony before the US House of Representatives. Hashad highlighted a shift in the Fed’s approach, prioritizing both inflation control and labor market health for a balanced economic recovery. …

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, …

US Dollar Dives on Soft US Inflation: The US Dollar Index (DXY) plunged to multi-week lows around 104.00 after disappointing Consumer Price Index (CPI) data and falling US yields. This data fueled speculation of the Federal Reserve cutting interest rates as early as September, sending the Dollar tumbling. Today (July …

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.  Let’s start with the United States. How …

Despite the Japanese Yen’s extreme weakening, the USD/JPY remains firm above 161.00. With the Yen weakening, the BoJ anticipates tightening policy much more. The US dollar is affected by the weak US Manufacturing PMI. The USD/JPY pair moves up above 161.00 during the New York session on Monday. Amidst ambiguity …

Japanese Yen nosedives after Kanda’s bleak response. Masato Kanda, the Japanese Ministry of Finance’s Vice Minister of Finance for International Affairs, stated at 13:15 GMT that the government is closely monitoring the foreign exchange markets and will take necessary action as necessary.Earlier during the US trading session, the Japanese Yen …