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 […]
Tag: USDJPY
USD/JPY shifts focus towards 141.50 – UOB
Additional gains could lead USD/JPY to revisit the 141.50 region on the short-term horizon, UOB Group currency strategists Lee Sue Ann and Quek Ser Leang have said. Featured Comments 24 hour view: “Last Friday we highlighted that “further USD/JPY strength is likely, although overbought conditions suggest USD/JPY may not be able to hold above 140.50.” […]
USD/JPY pulls back from multi-decade highs after NFPs
US economy adds 315,000 jobs in August, unemployment rate rises to 3.7%. USD/JPY pulls back on dollar weakness after NFPs. The yen remains under pressure, now due to risk appetite. The USD/JPY it is falling modestly on Friday, having previously reached 140.79, the highest level since 1998. The weakness of the dollar in general weighed […]
USD/JPY above 140.00, at the highest since 1998 before the employment report
The yen remains weak on all fronts. USD/JPY firm above 140.00, supported by monetary policy divergence. Growing expectation for the US August employment report. The USD/JPY is trading around 140.30, at a price level not seen since 1998. The pair reached as high as 140.42 and then pulled back slightly to 140.10. The focus is […]
EUR/USD to drop to 0.97, yen to weaken to 142.00 and pound to 1.14 – ANZ
EUR/USD is below parity and USD/JPY is above 140.00. The ANZ Bank economists expect EUR/USD and USD/JPY to move towards 0.97 and 142.00respectively. DXY will hit 112.00 in early 2023 “Our new global forecasts see the euro slip below parity to 0.97, the yen weaken to 142.00 and the lpound sterling up to 1.14. These […]
USD/JPY soars to fresh 24-year highs above 140.00 after US ISM Manufacturing.
The USD/JPY has jumped 60 pips higher after news that the US manufacturing ISM had improved expectations by a few tenths in August. The pair has reached with the rise the level 140.13, its highest price since August 1998. The ISM Manufacturing PMI stood at 52.8 points in August, beating the market estimate of 52.0, […]
USD/JPY faces a possible move beyond 140.00 – UOB
According to UOB Group strategists Lee Sue Ann and Quek Ser Leang, additional earnings could lift the USD/JPY above the 140.00 level in the short term. 24 hour outlook: “We expected the USD to trade sideways between 138.10 and 139.10 yesterday. Subsequently, the USD traded between 138.25 and 139.00 before closing at 138.96. The USD […]
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 six-week highs above 139.00 despite risk aversion
The dollar gains momentum despite a new decline on Wall Street. Rising US yields keep the yen under pressure. USD/JPY is approaching the 140.00 area again. The USD/JPY is gaining momentum during the American session and rose to 139.08, reaching the highest level since mid-July. The pair remains bullish amid a stronger US dollar overall. […]