- The USD/JPY yields initial profits and maintains plane around 144.15, while shelter assets lose impulse.
- It is expected that both the Boj and the Fed will maintain interest rates at their current levels.
- Fed officials have already indicated that settings in monetary policy are inappropriate until they obtain clarity about economic perspectives under Trump’s leadership.
The USD/JPY pair yields its early profits and flattened around 144.15 during the European negotiation hours on Monday. The pair faces sales pressure as the US dollar (USD) goes back after failing to extend Friday’s recovery movement.
The US dollar index (DXY), which tracks the value of the dollar against six main currencies, goes back to about 98.00.
American dollar today
The lower table shows the percentage of US dollar change (USD) compared to the main coins today. American dollar was the weakest currency against the Australian dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.36% | -0.18% | -0.35% | -0.16% | -0.57% | -0.48% | -0.17% | |
| EUR | 0.36% | 0.07% | 0.00% | 0.21% | -0.08% | -0.12% | 0.20% | |
| GBP | 0.18% | -0.07% | -0.06% | 0.14% | -0.14% | -0.19% | 0.13% | |
| JPY | 0.35% | 0.00% | 0.06% | 0.19% | -0.52% | -0.50% | -0.23% | |
| CAD | 0.16% | -0.21% | -0.14% | -0.19% | -0.34% | -0.33% | -0.01% | |
| Aud | 0.57% | 0.08% | 0.14% | 0.52% | 0.34% | -0.04% | 0.28% | |
| NZD | 0.48% | 0.12% | 0.19% | 0.50% | 0.33% | 0.04% | 0.32% | |
| CHF | 0.17% | -0.20% | -0.13% | 0.23% | 0.01% | -0.28% | -0.32% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the US dollar of the left column and move along the horizontal line to the Japanese yen, the percentage change shown in the box will represent the USD (base)/JPY (quotation).
Meanwhile, the demand for shelter assets, such as the US dollar and the Japanese Yen (JPY), has decreased despite the fact that tensions between Iran and Israel have climbed.
This week, the main triggers for the PAR will be the monetary policy ads of the Bank of Japan (BOJ) on Tuesday and the Federal Reserve (FED) on Wednesday, respectively.
The BOJ is expected to maintain stable interest rates at 0.5% since officials have expressed concerns about growth amid global uncertainty due to the risk of commercial war derived from the tariff policy imposed by the president of the United States (USA) Donald Trump.
Simultaneously, Fed is expected to also maintain the interest rates of stable loans in the current range of 4.25% -4.50% since officials have declared that they need clarity about the new economic policies announced by the US president Trump before making adjustments in monetary policy.
Investors will closely follow the Fed points chart, which shows where the officials who direct interest rates in the medium and long term are directed.
Economic indicator
BOJ interest rates
He Bank of Japan Set the interbank interest rate. This rate affects a range of interest rates set by commercial banks, construction societies and other institutions towards their own savers and borrowers. It also affects the price of financial assets, such as bonds, actions and exchange rates, which affect the consumer and the demand for businesses in a variety of forms. If the Bank of Japan has a firm perspective with respect to the Japanese economy and increases the current interest rate, this is upward to the YEN. Instead, a slight perspective that leads to the bank to reduce or maintain current types will be bassist for the YEN.
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Next publication:
Mar Jun 17, 2025 03:00
Frequency:
Irregular
Dear:
0.5%
Previous:
0.5%
Fountain:
Bank of Japan
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
