EUR/JPY Dips Towards 161.00 as BoJ Signals Possible Rate Hike
The EUR/JPY pair slipped to approximately 161.10 during early European trading on Tuesday, as the Japanese Yen gained strength amid increasing speculation that the Bank of Japan (BoJ) may raise interest rates during its upcoming policy meeting on Friday. Additionally, market attention is turning to Germany’s ZEW Economic Sentiment Survey for January, set to be […]
Japanese Yen Weakens Below 150.00 Against USD Amid Mixed Economic Signals
The Japanese Yen (JPY) continues to lose ground during Tuesday’s Asian session, with the USD/JPY pair climbing above the critical 150.00 psychological level. A combination of modest US Dollar (USD) strength and market dynamics is driving this movement, although speculation surrounding a potential interest rate hike by the Bank of Japan (BoJ) in December is […]
Japanese Yen Lingers Near Daily Lows Around Mid-153.00s vs. USD Amid BoJ Uncertainty
Japanese Yen Lingers Near Daily Lows Around Mid-153.00s vs. USD Amid BoJ Uncertainty The Japanese Yen (JPY) faces selling pressure at the start of the week as the Bank of Japan (BoJ) released a Summary of Opinions from its October meeting, revealing a lack of consensus among policymakers on the timing of potential rate hikes. […]
Japanese Yen Hovers Near Daily Low Against USD, US Election Concerns Lend Support
Japanese Yen Hovers Near Daily Low Against USD, US Election Concerns Lend Support The Japanese Yen (JPY) holds steady, drifting further from a one-week low against the US Dollar (USD) touched on Monday, as expectations rise that Japan’s political landscape may complicate future rate hikes by the Bank of Japan (BoJ). However, BoJ Governor Kazuo […]
Japanese Yen Declines as US Dollar Strengthens Ahead of ADP Employment Report
Japanese Yen Declines as US Dollar Strengthens Ahead of ADP Employment Report The Japanese Yen (JPY) weakened against the US Dollar (USD) on Wednesday, as uncertainty grows around the possibility of future interest rate hikes by the Bank of Japan (BoJ). The BoJ’s Summary of Opinions from September’s Monetary Policy Meeting indicated no immediate plans […]
BOJ Surprises with Removal of Forward Guidance – UOB Group
BOJ Surprises with Removal of Forward Guidance – UOB Group The Bank of Japan (BOJ) kept its monetary policy unchanged but unexpectedly removed its forward guidance, surprising markets, according to UOB Group Senior Economist Alvin Liew. No Change in Monetary Policy as Expected “At its scheduled Monetary Policy Meeting (MPM) on Friday (September 20), the […]
Bank of Japan Keeps Interest Rate Unchanged in September, As Expected
Bank of Japan Keeps Interest Rate Unchanged in September, As Expected On Friday, the Bank of Japan (BoJ) announced that it would maintain its short-term interest rate target between 0.15% and 0.25%, following a two-day monetary policy review. This decision aligned with market expectations. Back in July, the BoJ surprised markets by raising the policy […]
Forex Today: Choppy Market Action Persists as Investors Await Next Catalyst
Forex Today: Choppy Market Action Persists as Investors Await Next Catalyst After hitting its lowest level in over a year near 100.50, the US Dollar Index (DXY) rebounded toward 101.00 during the European session on Wednesday. With no high-impact economic data releases scheduled for midweek, investors remain focused on central bank commentary and geopolitical developments. […]
Japanese Yen Moves Sideways Despite Hawkish BoJ Signals
Japanese Yen Moves Sideways Despite Hawkish BoJ Signals The Japanese Yen (JPY) traded sideways against the US Dollar (USD) on Thursday, even as a recent Reuters poll, conducted from August 13-19 and published on Wednesday, showed that 31 out of 54 economists expect the Bank of Japan (BoJ) to raise borrowing costs before the end […]
Japanese Yen Weakens Amid Dovish Bank of Japan Stance
Japanese Yen Weakens Amid Dovish Bank of Japan Stance The Japanese Yen (JPY) continues to weaken against the US Dollar (USD) for the second consecutive day, largely due to dovish comments from Bank of Japan (BoJ) Deputy Governor Shinichi Uchida on Wednesday. According to Reuters, Uchida stated, “We won’t raise rates when markets are unstable,” […]
Yen Weakens as Dollar Gains Amid Risk-Off Sentiment
Yen Weakens as Dollar Gains Amid Risk-Off Sentiment The Japanese Yen (JPY) ended its two-day winning streak on Monday, as the USD/JPY pair recovered its daily losses with the US Dollar (USD) gaining ground amid risk-off sentiment. The Bank of Japan (BOJ) maintained its economic assessment for five of Japan’s nine regions in its latest […]
BOJ May Consider Reducing Bond Purchases as Rate Hike Approaches
BOJ May Consider Reducing Bond Purchases as Rate Hike Approaches The Bank of Japan (BOJ) is anticipated to discuss reducing its bond purchases at a policy meeting concluding on Friday, with expectations also set for preparations to increase interest rates as early as next month. All but one economist in a Bloomberg survey expect the […]
Tokyo Inflation Rises, Aligning BOJ with Potential Rate Hike
Tokyo Inflation Rises, Aligning BOJ with Potential Rate Hike Inflation in Tokyo saw a notable uptick in May, with consumer prices excluding fresh food climbing by 1.9%, according to data from the Ministry of Internal Affairs. This increase, which aligns with economists’ predictions, was primarily fueled by higher utility costs due to renewable energy surcharges. […]
Ex-Chief Economist Predicts BOJ Rate Hike as Early as June
Ex-Chief Economist Predicts BOJ Rate Hike as Early as June The Bank of Japan (BOJ) might implement up to three additional benchmark interest rate hikes this year, with the first potential increase occurring as early as June. This move would be a response to what a former BOJ chief economist describes as the excessive ease […]
Japan’s Economy Falters, Impacting BOJ Rate Hike Plans
Japan’s Economy Falters, Impacting BOJ Rate Hike Plans Japan’s economy contracted more sharply than anticipated in the first quarter, exacerbated by the ongoing weakness of the yen, which has put significant pressure on consumers. This presents a fresh challenge for the Bank of Japan (BOJ) as it attempts to move interest rates further from near-zero […]
Ex-Official: Japan’s FX Intervention Marks Threshold
Ex-Official: Japan’s FX Intervention Marks ¥160 Threshold Columbia University academic and former finance ministry executive Takatoshi Ito indicated that Japanese authorities likely intervened in the currency market, viewing ¥160 to the dollar as a critical threshold. Ito, who has connections with former and current Japanese policymakers, suggested that interventions aim to curb speculative trading and […]
Japan’s March Core Inflation Decelerates, Weak Yen Challenges BOJ Policy Decisions
Japan’s March Core Inflation Decelerates, Weak Yen Challenges BOJ Policy Decisions In March, Japan witnessed a slowdown in core inflation and a significant index that tracks broader price trends dropped below 3 percent for the first time in more than a year, according to recent data. This development presents a new challenge for the Bank […]
Japan’s Machinery Orders Surge, Potentially Easing Domestic Demand Worries
Japan’s Machinery Orders Surge, Potentially Easing Domestic Demand Worries In February, Japan’s crucial measure of capital investment, core machinery orders, saw its largest increase in a year, indicating a robust recovery from a decline the previous month. This uplift could help alleviate concerns about sluggish domestic demand amid fears over a weakening yen and rising […]