The Japanese Yen (JPY) jumps to a one-and-a-half-week top against a broadly weaker US Dollar (USD) during the Asian session on Monday. The latest comments from Bank of Japan (BoJ) Governor Kazuo Ueda reaffirmed bets for an imminent interest rate hike, pushing Japanese government bond (JGB) yields to their highest levels in years. The resultant narrowing of […]
The GBP/JPY cross attracts some intraday sellers following an Asian session uptick to the 207.20 area, or a fresh high since July 2024, and turns lower for the second straight day on Friday. The downtick, however, lacks bearish conviction, with spot prices holding above mid-206.00s and remaining on track to register strong gains for the […]
The EUR/JPY cross trades in negative territory near 181.05 during the early European session in Friday. The Japanese Yen (JPY) edges higher against the Euro (EUR) amid some verbal intervention from Japanese authorities. Traders brace for the release of Germany’s Retail Sales and Consumer Price Index (CPI) inflation data, which will be released later on Friday. In […]
The Japanese Yen (JPY) struggles to attract any meaningful buyers despite higher than forecast Tokyo consumer inflation data, which backs the case for a further policy tightening by the Bank of Japan (BoJ). Cautious signals from BoJ policymakers indicate that rate normalization will be gradual, forcing investors to reassess expectations for the next policy move. […]
The Japanese Yen (JPY) remains on the front foot against a weaker US Dollar (USD) through the Asian session on Thursday and currently trades near a one-week top, touched the previous day. Investors remain alert amid the possibility that Japanese authorities could step in to stem any further weakness in the domestic currency. This, along […]
The EUR/JPY pair struggles to capitalize on a modest intraday uptick on Wednesday and remains below the 181.00 round figure through the Asian session. Meanwhile, mixed fundamental cues keep spot prices confined in the weekly range and warrant some caution before placing aggressive directional bets. The Japanese Yen (JPY) gets a minor lift after reports […]
The Japanese Yen (JPY) retreats from a one-week top, touched against a broadly weaker US Dollar (USD) during the Asian session on Wednesday, though the downside seems limited. Despite reports that the Bank of Japan (BoJ) is ramping up rate hike messaging, the prospect for further policy tightening in December or January is still finely […]
The EUR/JPY cross struggles to build on the previous day’s positive move and ticks lower during the Asian session on Tuesday. Spot prices currently trade around mid-180.00s, down 0.10% for the day, though the downside potential seems limited. The Japanese Yen (JPY) draws some support from speculations that authorities would step in to stem any […]
The Japanese yen rose to around 156.6 per dollar on Tuesday, recovering losses from the previous session amid speculation that authorities could intervene to curb the currency’s decline. On Sunday, Takuji Aida, an adviser to Prime Minister Sanae Takaichi, said Tokyo is prepared to actively intervene in currency markets to offset the negative economic effects […]
The Japanese yen slipped past 156.5 per dollar on Monday, giving back part of the prior session’s gains as traders continued to weigh a series of verbal interventions from authorities aimed at slowing the currency’s slide. On Sunday, Takuji Aida, an adviser to Prime Minister Sanae Takaichi, said Tokyo can actively intervene in currency markets […]