The USD/JPY pair declined to 158.16 on Friday, reflecting the Japanese yen’s ongoing recovery from earlier in the week. Market participants are paying close attention to the forthcoming Bank of Japan meeting, anticipating more definitive indications about the trajectory of interest rate increases. The regulator is anticipated to maintain its policy parameters as they are … Read more
The carry trade continues to be a significant influence currently in many of the Japanese yen-related pairs, particularly in the USD/JPY market. The US dollar experienced a slight decline against the Japanese yen at the beginning of Thursday’s session; however, recent movements indicate a potential shift towards upward momentum. The carry trade continues to be … Read more
The USD/JPY pair experienced an initial rally during trading session; however, it has subsequently declined, reflecting a somewhat lackluster performance by the US dollar overall. Upon examining the technical analysis, it is evident that USD/JPY has been consolidating following a significant upward movement. The recent pullback observed over the past few weeks is justifiable, as … Read more
The US dollar experienced an initial surge against the yen; however, it is important to highlight that the markets continue to incentivize holding the USD/JPY pair on the long side. The US dollar experienced a slight rally during Friday’s trading session; however, we have retraced some of those gains. It is not particularly surprising, nor … Read more
The USD/JPY pair shows strength, reaching approximately 156.75 during the early Asian session on Friday. The measured approach of the BoJ regarding monetary tightening exerts pressure on the Japanese Yen, providing a favorable environment for the pair. The potential for a US rate cut, along with worries regarding the Fed’s independence, could limit the upward … Read more
It is anticipated that the most probable scenario for USD/JPY, at least in the upcoming weeks, could involve a sideways movement as the pair establishes a range of approximately 350 pips. The US dollar has experienced a decline against the Japanese yen in early trading on Wednesday; however, USD/JPY is beginning to show some signs … Read more
The USD/JPY pair exhibits some indecision following an initial surge, yet the prevailing support levels and yield differentials remain advantageous for the dollar. Carry trade dynamics and structural Japanese policy constraints indicate that pullbacks continue to present favorable buying opportunities. The US dollar initially attempted to strengthen against the Japanese yen but subsequently reversed, indicating … Read more
The USD/JPY experienced a significant decline, subsequently bouncing back from the 155 level, which remains a robust support point. The Bank of Japan’s decision to refrain from tightening, coupled with the Federal Reserve’s indications of uncertainty, positions the pair as a favorable buy-on-dips opportunity within a context of volatile consolidation. The US dollar has experienced … Read more
The USD/JPY pair is currently stabilizing around 156.57 on Wednesday, taking a breather following three straight days of upward movement. This stability persists even in light of a significant change in the statements made by Bank of Japan Governor Kazuo Ueda, who indicated that the central bank is nearing a sustainable achievement of its 2% … Read more
USD/JPY initially declined but strengthened following the U.S. core PCE aligning with expectations, with technical indicators suggesting a potential bullish rebound ahead. Support levels are holding steady, and the pair is likely to consolidate as it anticipates the forthcoming FOMC decision and press conference. The US dollar experienced a slight decline against the Japanese yen … Read more