USD/JPY receives fresh buying on Monday and approaches its 24-year high again. The general strength of the dollar and the divergence between the policies of the Fed and the BoJ remain supportive for the pair. Bulls are reticent amid thin trading volume due to US holiday. The pair USD/JPY it attracts new buying on the […]
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USD/JPY remains around 138.60 ahead of US NFP figures.
USD/JPY remains in a tight range as traders prepare for the August NFPs in the US. The US ADP employment change disappointed, but the Chicago PMI beat estimates. The Bank of Japan will carry out 10-year JGB note buying operations in September, further confirming its dovish stance. The USD/JPY is unable to reach a new […]
Bank of Japan: The fate of the pandemic aid program will be decided at the September meeting
Junko Nakagawaa member of the Bank of Japan’s monetary policy board, declared on Wednesday that “the BoJ to decide the fate of the remaining pandemic relief program at its September meetingwith an eye on the impact of the pandemic on financial conditions.” Featured Statements The BoJ’s policy response has had the desired results. Japan’s consumer […]
USD/JPY hits a new monthly high targeting 137.00
USD/JPY gains traction for the fourth day in a row and jumps to a three-week high. Aggressive expectations from the Fed and rising US bond yields underpin the dollar and continue to offer support. The divergence between the Fed and BoJ policies supports the prospects of an extension of the strong upward movement. The pair […]
BoJ sees risk of acceleration in price rise, but not enough for a policy change – MNI
“The Bank of Japan (BoJ) expects prices to rise faster than officials had anticipated at their July meeting.“, reports MNI citing people familiar with the central bank’s thinking. But the sources add that a jump in inflation to 3% or more later this year will not be enough to trigger any change in his ultra-loose […]
USD/JPY remains stable around the 134.00 level
USD/JPY attracts some buying on Thursday and turns positive for the third day in a row. The divergence between the monetary policy of the Fed and the Bank of Japan continues to weigh on the yen and offers support to the pair. Falling US bond yields keep dollar bulls on the defensive and could cap […]
USD/JPY: Out of the woods? – Rabobank
Rabobank analysts offered a brief advance of the pair USD/JPY and they expect the pair to oscillate in a wider trading range between the key psychological levels of 130-135. Featured Statements “The Bank of Japan is clearly the one that stands out among its G10 peers. While everyone else is gripped by a determination to […]
BoJ: The Fed’s actions could have several repercussions on the Japanese economy and on prices in the short term
“The Fed’s decision could affect the movements of the currency and asset markets, so we must carefully observe the evolution of the situation“, stated on Thursday the deputy governor of the Bank of Japan (BOJ), Masayoshi Amamiya. Featured Comments We expect the Fed to rein in inflation and deliver stable growth in the US. This […]
USD/JPY stops its intraday recovery from the weekly low and fails just below 138.00
USD/JPY bounces off the 137.00 level, or a 1.5-week low hit earlier this Friday. The narrowing of the bond yield spread between the US and Japan and the cautious sentiment benefit the safe-haven Japanese yen. The divergence between the Fed and the BoJ supports the prospects for a further short-term rise in the pair. The […]
Japan: Rate hikes could hamper economic growth – Shunichi Suzuki
Japanese Finance Minister Shunichi Suzuki said on Friday that rate hike could wobble economic recovery, signaling support for Bank of Japan stance to maintain monetary stimulus despite the global trend of tightening amid rising inflation. “Overall, rate hikes could wobble the economySuzuki told reporters when asked about the BoJ’s decision on Thursday to maintain its […]