Tue, June 18, 2024

JPY trading

The Japanese Yen, U.S. dollar and other currencies. USD/JPY

USD/JPY Below 157.00 Amid Key Economic Data Events

Quick Look: USD/JPY trading below 157.00 during Tuesday’s Pacific session, with a focus on central bank rates and key economic data. Japanese Tokyo CPI (Friday), US GDP (Thursday), US PCE inflation (Friday), US Consumer Confidence Index (Tuesday). Subdued market opening due to US Memorial Day; anticipation of Fed speeches; BoJ’s limited success in strengthening Yen. …

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Wibest – Yen Exchange Rate: Japanese yen coins. (USD/JPY)

USD/JPY Ascends to 156.20, Potential Climb to 160 Levels

Quick Look: USD/JPY trading above 156.00, indicating sustained bullish momentum. Key support at 155 yen, resistance up to 160 yen. Experts recommend buying on dips, reflecting positive sentiment. The USD/JPY currency pair continues to showcase its robustness in the forex market. The recent trading sessions saw the US dollar rally robustly against the Japanese yen. …

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Wibest – Yen exchange rate: USD and JPY bills.

USD/JPY Analysis: Influential Factors Affecting Outlook

The USD/JPY currency pair has been a subject of market scrutiny, and its outlook remains influenced by various factors. This analysis delves into the intricate dynamics affecting USD/JPY trading. Current State of USD/JPY Intraday bias for USD/JPY is currently neutral, focusing on crucial support and resistance levels. The market’s direction hinges on the pivotal 145.97 …

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Washington: Japanese yen and Swiss franc bills and a calculator.

Washington Backs Down, Safe-Haven Assets Retreat

Right after Washington pulled back and called for renewed diplomacy, safe-haven assets also pulled back in sessions. Good news came in yesterday after the head of the White House gave his speech regarding the extreme tension. Safe-haven assets such as the Japanese yen and the Swiss franc immediately lost their safe-haven appeal in sessions. Traders …

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Washington: Swiss franc bills. USD/CHF

Washington, Tehran’s War Fails to Buoy Safe-Haven Currencies

As Washington and Tehran exchange threats, safe-haven assets in the forex market are still struggling to rally. Both the Japanese yen and Swiss franc aren’t surging as traders would initially expect due to the rising tension. The US dollar isn’t also rallying in sessions. Instead, traders tune their focus on the precious yellow metal, gold. …

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Wibest – Yen exchange rate: Japanese yen bills and coins.

Japanese Yen Exchange Rate in Focus After Christmas

The safe-haven asset from the land of the rising sun steals the spotlight after the BOJ governor gave his speech. The Japanese yen exchange rate dips this Thursday’s trading sessions as trade war prospects get clearer. Aside from trade war optimism, the improving sentiment around the global economic growth is also pushing the yen lower. …

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Wibest – Different Japan yen bills.

Japan Yen Sees Different Direction Last Week | Wibest

Last week, traders were left confused as the Japan yen recorded different results in forex sessions. Last week Friday was also the day when the Bank of Japan governor gave a dovish remark, triggering speculations of future easing. The Japan yen contract rallied 0.32%, or 0.000029 points, last week. Meanwhile, the yen failed to gain …

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Wibest – Bank of China: People's Bank of China main headquarters.

Bank of China Skips Reverse Repos Again | Wibest

The People’s Bank of China or the PBOC continues to skip the reverse repos this Tuesday. Sources say that the decision aims to maintain reasonably sufficient liquidity in the country’s banking system. In an official statement, the central bank of China said that the increase in fiscal expenditures could affect the maturing reverse repos. The …

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The Yen Eases, Investors Remain Concerned

Japan Yen Struggles to Hold on to its Gains | Wibest

The Japan yen struggles to hold on to its ground in today’s sessions as other currencies gained altitude against it. Meanwhile, the yen’s futures rose this Friday’s trading despite inflation slowing down. The USD JPY trading pair inches slightly down by 0.03% or 0.03 points in sessions. The pair currently trades for ¥108.62 a tad …

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