Japan’s trade deficit for September amounted to JPY 536.6 billion, reflecting a deceleration in both export and import growth. Japan’s Finance Minister Katayama affirmed the importance of close coordination with the Bank of Japan, emphasising a focus on enhancing supply capacity growth while avoiding inflationary pressures. Markets are assessing US inflation data in conjunction with … Read more
USD/JPY is gaining traction, approaching 158.10 during the early Asian session on Friday. In September, the Producer Price Index in the United States experienced its most significant increase in four and a half years. BoJ’s Koeda cautioned against excessive caution regarding rate hikes. The USD/JPY pair exhibits an upward momentum, reaching approximately 158.10 in the … Read more
USD/JPY has softened to approximately 158.25 during the early Asian session on Tuesday. In September, Japanese PPI inflation exhibited an unexpected decline. Fed’s Hammack indicated that rate hikes are a possibility. The USD/JPY pair experiences a decline, approaching 158.25 during the Asian trading hours on Tuesday. The Japanese Yen strengthens against the US Dollar despite … Read more
Japanese holiday maintains subdued trading activity, as the Bank of Japan is anticipated to maintain its current interest rates in October. Softening consumer sentiment in the United States, coupled with diminishing expectations for Federal Reserve rate hikes, exerts downward pressure on the US Dollar. Resurfacing tensions in the Middle East contribute to an overarching macroeconomic … Read more
USD/JPY maintains a favourable position close to 158.35 during the early hours of Wednesday’s Asian session. Members of the Bank of Japan’s board are seeking additional time to assess the effects of the recent interest rate increases on domestic financial conditions. Expectations for an additional Federal Reserve rate hike this month have diminished following the … Read more
Japan’s Prime Minister Takaichi intends to implement tax cuts financed without the issuance of new bonds, aiming to instill confidence in financial markets. The Bank of Japan is contemplating interest rate increases in response to inflation surpassing its target; however, the precise timing of such adjustments remains uncertain. Demand for the safe-haven US Dollar may … Read more
USD/JPY is experiencing slight upward movement, hovering around 157.40 during the early hours of Tuesday’s Asian session. Japan’s Katayama concurred with Bessent regarding the enhancement of cooperation during discussions held over the phone on September 25. Markets have assigned a probability of approximately 70.3% to the likelihood of a 25 basis points rate increase from … Read more
USD/JPY has declined to approximately 157.85 on Thursday. Japan’s 10-year JGB yield increased by 8 basis points to 3.055%, marking its highest level since August 1996. Fed’s Barr indicated that additional policy adjustments are probable to effectively manage inflation. The USD/JPY pair draws the attention of sellers, hovering around 157.85 during the Asian trading hours … Read more
USD/JPY edges higher to near 157.60 in Wednesday’s early Asian session. The recent rate hike by the Bank of Japan was accompanied by two dovish dissents, which has exerted downward pressure on the Japanese Yen. Potential currency intervention from Japanese authorities may assist in curbing the JPY’s depreciation. The USD/JPY pair exhibits an upward momentum, … Read more
USD/JPY is experiencing upward momentum, approaching 157.55 during the early hours of Tuesday’s Asian session. The Bank of Japan’s absence of hawkish guidance following last week’s rate hike exerts downward pressure on the Japanese Yen. Traders are currently assigning a probability of 56.5% to the likelihood of a Federal Reserve rate increase of at least … Read more
