USD/JPY has softened to approximately 158.90 during the Asian session on Wednesday. The Treasury could utilise its General Account to assist in financing government bond acquisitions. The majority of economists anticipated that the BoJ would increase its rate in September, as indicated by a poll. The Japanese Yen has appreciated following the US bond buyback, … Read more
The USD/JPY appreciates for the second consecutive day, achieving session highs exceeding 153.30. Market volatility remains subdued as investors anticipate significant macroeconomic events in the latter half of the week. The technical picture indicates a moderate bullish pressure, targeting the 160.00 area. In a low-volatility market on Tuesday, the Japanese yen is still defensive versus … Read more
The USD/JPY has declined as two months of rising inflation in Japan have increased expectations for a rate hike by the Bank of Japan in September. The US Dollar declines following the Treasury’s unexpected decision to double long-dated debt buybacks in an effort to mitigate rising bond yields. Tensions escalated as Iranian Foreign Minister Abbas … Read more
Japan’s trade deficit for July amounted to JPY 634.5 billion, driven by import growth that surpassed record export figures. Elevated energy costs and broad interest rate differentials persist in exerting significant pressure on the Japanese Yen. Fed Meeting Minutes indicated that officials preferred to increase rates in the near term should inflation continue, following the … Read more
USD/JPY declines to near 159.45 in Wednesday’s Asian session. Expectations surrounding a potential interest rate hike by the BoJ as early as September bolster the Japanese Yen. Traders are reducing their expectations for an interest rate increase by the Federal Reserve. The USD/JPY pair experiences a slight decline, settling at approximately 159.45 during the Asian … Read more
Japan’s Preliminary Q2 GDP increased by 0.3% on a quarter-over-quarter basis, falling short of the anticipated 0.5% growth. Annualised GDP reached 1.1%, complicating the Bank of Japan’s trajectory toward additional rate hikes. US Retail Sales declined by 0.6% in July, which has dampened market expectations regarding forthcoming Federal Reserve rate increases. USD/JPY experiences a decline … Read more
USD/JPY stabilises near 159.40 during the Asian trading session on Thursday. Traders maintain a heightened level of vigilance regarding potential additional currency intervention. Some members of the Bank of Japan indicated that the pace of rate hikes should be increased, as per a summary of opinions from the meeting published on Monday. The USD/JPY pair … Read more
The yen remains cautious beneath the 159.00 mark as market participants await the forthcoming US inflation data. US CPI data is anticipated to indicate a reduction in inflationary pressures, potentially dampening expectations for immediate Federal Reserve tightening. A hawkishly leaning BoJ Summary of Opinions has provided some support to the Yen. The Japanese Yen is … Read more
The Japanese Yen remains stable during the Mountain Day holiday as markets consider the possibility of intervention in the context of limited liquidity. The BoJ may raise rates in September to counter inflation stemming from a depreciating yen and escalating oil prices. A lacklustre July US payrolls report generated challenges for the US Dollar, leading … Read more
The USD/JPY appreciates as divergent perspectives within the Bank of Japan regarding prospective rate increases maintain downward pressure on the Yen. Japan recorded an unforeseen current account deficit of JPY 92.3 billion in June, marking its first deficit in 17 months, attributed to substantial foreign dividend payouts. Escalating tensions between the US and Iran have … Read more
