Facts: Recommendation: LONG position on USDJPY at market price. USDJPY (D1) Source: xStation5Opinion: There remains a significant discrepancy between interest rate levels in Japan and the USA, which will support the strength of the dollar against the Japanese yen. The structure of the EMA averages also favors the dollar, particularly the crossing of the EMA100 […]
JPY
JPY
JPY
04
Nov
Nov
Yen Rises on Finance Minister Remarks
The Japanese yen strengthened past 154 per dollar on Tuesday, rebounding slightly from nine-month lows after Finance Minister Satsuki Katayama reiterated that authorities are monitoring rising volatility in foreign exchange markets with a strong sense of urgency, warning against sharp, one-sided currency moves. In March, Katayama had suggested the yen’s fair value was around 120–130 […]
04
Nov
Nov
EUR/JPY depreciates toward 177.00 due to possible BoJ rate hikes
EUR/JPY continues its losses, trading around 177.20 during the Asian hours on Tuesday. The currency cross struggles as the Japanese Yen (JPY) receives support from last week’s hawkish comments from the Bank of Japan (BoJ) Governor Kazuo Ueda, signaling the possibility of a rate hike in December or January next year. However, the uncertainty prevails about […]
03
Nov
Nov
EUR/JPY holds steady above 177.50 amid thin trading due to Japan’s holiday
EUR/JPY holds ground after registering losses in the previous session, trading around 177.70 during the Asian hours on Monday. The currency cross edges higher as the Japanese Yen (JPY) weakens after the Bank of Japan (BoJ) maintained a cautious stance on interest rates. Trading is likely to remain subdued due to Japan’s holiday-thinned market. The […]
03
Nov
Nov
GBP/JPY steadies around mid-202.00s amid BoJ uncertainty; UK fiscal concerns cap gains
The GBP/JPY cross attracts some buyers near the 202.30-202.25 area during the Asian session on Monday, though it lacks follow-through. Spot prices remain confined in Friday’s broader range and currently trade around mid-202.00s, nearly unchanged for the day amid relatively thin liquidity on the back of a holiday in Japan. The Japanese Yen (JPY) continues to be […]
03
Nov
Nov
USD/JPY sits near multi-month peak
The Japanese Yen (JPY) is seen consolidating last week’s heavy losses against a bullish US Dollar (USD) and remains close to its lowest level since February 14, touched last Thursday. Traders remain uncertain about the timing of the next rate hike by the Bank of Japan (BoJ) amid speculations that Japan’s new Prime Minister Sanae […]
31
Oct
Oct
EUR/JPY stabilizes near record high as ECB holds rates, Yen weakens on fiscal concerns
EUR/JPY stabilizes around 178.30 on Friday, virtually unchanged on the day after briefly pulling back from its all-time high reached the previous day at 178.82. The pair remains supported by a favorable rate differential for the Euro (EUR), while investors stay cautious toward the Japanese Yen (JPY). The JPY initially found modest support after the release of […]
31
Oct
Oct
EUR/JPY holds steady above 178.00, remains close to record high touched on Thursday
The EUR/JPY cross attracts some dip-buyers near the 177.85 area during the Asian session on Friday, and for now, it seems to have stalled its modest pullback from the all-time peak, touched the previous day. Spot prices currently trade around 178.15 region, nearly unchanged for the day, and remain on track to register strong monthly […]
31
Oct
Oct
Japanese Yen sticks to stronger Tokyo CPI-inspired gains; lacks follow-through buying
The Japanese Yen (JPY) strengthens during the Asian session after data released this Friday showed that inflation in Tokyo rose at a faster pace and backed the case for an imminent rate hike by the Bank of Japan (BoJ). This, along with reviving safe-haven demand, assists the JPY in recovering a part of the previous […]
30
Oct
Oct
EUR/JPY surges above 177.50 following BoJ interest rate decision, ECB policy eyed
EUR/JPY gains ground after two days of losses, trading around 177.50 during the Asian hours on Thursday. The currency cross receives support as the Japanese Yen (JPY) faces challenges after the Bank of Japan (BoJ) decided to keep the short-term interest rate target unchanged in the range of 0.4%- 0.5% in October. The BoJ decision came in […]
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