The Japanese Yen (JPY) weakened against its US counterpart and reversed part of Friday's recovery from the lowest level since July 23 following Bank of Japan (BOJ) Governor Kazuo Ueda's remarks. Ueda did not signal a December interest rate hike, which seemed to disappoint investors and weighed on the JPY. Moreover, a generally positive risk tone was seen as another factor that dented demand for the JPY as a safe-haven.
However, speculations that the Japanese authorities might intervene in the forex market to support the domestic currency kept JPY bears from placing aggressive bets.
This, along with a subdued US Dollar (USD) price action, might act as a headwind for the USD/JPY pair and cap gains. Traders might also prefer to wait on the sidelines and wait for BOJ Governor Ueda's media conference at 04:45 GMT for some meaningful impetus.
Source: FXStreet
The Australian dollar (AUD) extended its gains for the second straight session on Monday, supported by hawkish comments from Reserve Bank of Australia (RBA) Governor Michele Bullock on Thursday. Bull...
The Australian Dollar (AUD) continued its losing streak against the US Dollar (USD) following the release of key economic data on Thursday. Australian Consumer Inflation Expectations fell to 3.8% in ...
Stocks in Europe traded higher on Friday, with both the STOXX 50 and STOXX 600 up 0.2%, putting them on track to notch a second consecutive week of gains. Expectations that the Federal Reserve will deliver another rate cut next week continued to...
Brent crude oil futures hovered around $63.3 per barrel on Friday, holding at a two-week high and remaining on track for a weekly gain, driven by geopolitical risk premium. Traders continued to watch for a possible US move in Venezuela after...
The Hang Seng rose 149 points, or 0.6%, to close at 26,085, reversing morning losses and marking a second straight session of gains. An uptick in U.S. futures supported sentiment ahead of the U.S. PCE index, a key inflation gauge preferred by the...
Asia Pacific stock markets opened quietly on Wednesday morning, with investors awaiting the release of key economic data from the United States and...
Private businesses in the US cut 32K jobs in November 2025, following an upwardly revised 47K gain in October, and compared to forecasts of a 10K...
US President Donald Trump has hinted that Kevin Hassett, the current chairman of the National Economic Council, whom Donald Trump appointed to the...
Vladimir Putin warned that Russia might consider attacking ships of countries supporting Ukraine if the surge in attacks on Moscow's tanker fleet...