Tue, June 18, 2024

USD/JPY

BOJ Bank of Japan title

USD/JPY Rises to 157.50 Amid BoJ Diverging Policies

Quick Look: USD/JPY reached 157.50 due to the US Federal Reserve’s hawkish stance. The US maintains high rates (5.25%-5.5%), while BoJ keeps rates at 0%. Possible rate cut in 2024; cautious approach until inflation goals are met. Potential reduction in bond purchases and rate hikes to address yen weakness. The USD/JPY pair has maintained a …

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Japanese Yen fell against the U.S. dollar on Thursday

Flight-to-Safety Drives Yen Up, USD/JPY Down 0.31%

Quick Look: USD/JPY exchange rate closed at 110.933, down 0.31% due to geopolitical tensions and BOJ policy speculation. The Yen appreciated as investors sought safety amidst global uncertainties, notably the crisis in Turkey. Japan’s June household income rose by 4.4%, spending fell by 1.2%, and real wages grew by 2.8%.  Internal BOJ discussions on yield …

Flight-to-Safety Drives Yen Up, USD/JPY Down 0.31% Read More »

Wibest – Yen: Japanese yen bills and coins (USD/JPY)

USD/JPY Poised to Rebound at 154.90 Support

Quick Look: USD/JPY shows potential to rebound around the 50-day SMA at 154.90, supported by differing Fed and BoJ policies. Significant levels include 154.90 (50-day SMA), 157.48 (weekly high), and 151.87 (May low). Fibonacci extensions are crucial markers. Japanese currency interventions and positive US economic indicators like ISM Services PMI and NFP data impact the …

USD/JPY Poised to Rebound at 154.90 Support Read More »

dollar, usd/cad-american-canadian-dollars

USD/CAD Closes at 1.3626 Amid Oil Drop and Yield Decline

Quick Look: Market Opening: USD/CAD opened at 1.3694 and closed at 1.3626, with WTI oil at $72.77 and gold at $2330.35. Oil Prices and the Loonie: Falling oil prices pressured the Canadian dollar despite initial support from OPEC’s production cuts. US Treasury Yields: A drop in the 10-year yield weakened the US dollar, impacting USD/CAD …

USD/CAD Closes at 1.3626 Amid Oil Drop and Yield Decline Read More »

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. …

USD/JPY Below 157.00 Amid Key Economic Data Events Read More »

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

USD/JPY Forecast: Yen Nears 156.50 Amid Rate Speculation

Quick Look: The USD has risen against the JPY, targeting 156.50 to above 160 yen. Higher US rates benefit USD; BoJ’s debt load likely keeps Japanese rates low. Watch BoJ commentary and Fed speakers on May 21 for future monetary policy clues. In recent trading sessions, the USD has slightly risen against the JPY, signalling …

USD/JPY Forecast: Yen Nears 156.50 Amid Rate Speculation Read More »

Wibest – Japan Yen: Japanese yen bills. USD/JPY

USD/JPY Slips 0.91% as US Core CPI Falls to 3.6%, a 3-Year Low

Quick Look: Significant Decline: USD/JPY fell 0.91%, influenced by a disappointing US Core CPI report. Key Support Levels: Immediate focus on 155.00; breaches may indicate further USD weakness. Trading Strategy: Watch for a daily close below or above 155.00 to signal bearish or bullish positions. The US dollar experienced a significant pullback against the Japanese …

USD/JPY Slips 0.91% as US Core CPI Falls to 3.6%, a 3-Year Low Read More »

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. …

USD/JPY Ascends to 156.20, Potential Climb to 160 Levels Read More »

Wibest – Yen exchange rate: USD and JPY bills.

USD/JPY Volatility: Navigates Key 106.00 to 154.75 Range

Quick Look: USD/JPY pair exhibited significant fluctuations, currently around 154.75, navigating through resistance at 106.10. Steady U.S. rates and BoJ’s historic hike influence the pair’s dynamics amid global economic developments. Strong USD trend with potential Japanese interventions if JPY weakness continues. The USD/JPY pair has been particularly volatile, navigating various resistance and support levels. After …

USD/JPY Volatility: Navigates Key 106.00 to 154.75 Range Read More »

Wibest – Yen exchange rate: USD and JPY bills.

USD/JPY Hits 34-Year High of 156.00 Amid Fiscal Policies

Quick Look: Bank Of Japan decision led USD/JPY to hit a 34-year high; the FY 2024 growth forecast was revised to 0.8%. April’s 1.8% increase fell short of expectations, impacting inflation outlook and policy. Despite slow Q1 GDP growth, the dollar attracts investors; USD/JPY faces resistance near 160.00. The financial landscape has been turbulent for …

USD/JPY Hits 34-Year High of 156.00 Amid Fiscal Policies Read More »

Wibest – Japan Yen: Japanese yen bills. USD/JPY

USD/JPY Faces Volatility: Intervention & Global Risks Loom

Quick Look: Intervention threats, BoJ policy hints, and global tensions drive USD/JPY volatility. Speculation grows with Yen surpassing the 153 mark, hinting at potential Japanese intervention. Technical indicators suggest a bullish USD/JPY trend, but BoJ intervention remains a caution. Short-term outlook focuses on US data, FOMC speeches, and possible Japanese intervention effects. The USD/JPY pair …

USD/JPY Faces Volatility: Intervention & Global Risks Loom Read More »

USD/JPY economy, Japanese Yen Rose Against U.S. Dollar Due to Risk-off Wave

USD/JPY Nears 152 Amid US Jobs Data Anticipation

Quick Look: USD/JPY approaches 152.00, with support at 151.20, hinting at further gains. Technicals show USD/JPY bullish above 150.50, with critical supports at 151.20 and 150.65. Market watchers for potential Japanese intervention around the 155.00 level. Upcoming U.S. jobs report critical for currency and interest rate directions. The USD/JPY pair has made significant headlines as …

USD/JPY Nears 152 Amid US Jobs Data Anticipation Read More »

USD - Reflections and lessons learned

Currency Update: USD Weakens, EUR and GBP Rally

Quick Look: USD Index drops to 104.00, weakened by subpar economic indicators, hinting at investor unease. Euro and Pound gain on optimism, breaking key technical levels. WTI crude >$86/bbl, Gold nears $2,300/oz, Silver >$27/oz. Influences market sentiments with varied forecasts for major currencies. The USD Index (DXY), a barometer for the U.S. dollar’s strength against …

Currency Update: USD Weakens, EUR and GBP Rally Read More »