The Japanese Yen (JPY) weakens slightly against its American counterpart during the Asian session on Thursday and erodes a part of the recent strong gains to a five-week top touched the previous day.
In the absence of a fresh fundamental catalyst, the intraday JPY slide is more likely to remain limited amid speculation that the Bank of Japan (BoJ) may hike interest rates again in December. Furthermore, US President-elect Donald Trump's tariff threats and geopolitical risks could underpin the safe-haven JPY.
Meanwhile, traders have been dialling back on the so-called "Trump trades" following the nomination of Scott Bessent as the US Treasury Secretary.
Meanwhile, Wednesday's US macro data did little to temper market expectations that the Federal Reserve (Fed) will lower borrowing costs by 25 basis points in December. This led to a further decline in the US Treasury bond yields, which dragged the US Dollar (USD) to a two-week low and could benefit the lower-yielding JPY ahead of Tokyo inflation data on Friday.
Source: FXStreet
The Japanese yen held steady near 157 per dollar on Friday (November 21st), after previously weakening steadily. The currency began to "put on the brakes" after Finance Minister Satsuki Katayama signa...
The Japanese yen briefly touched its lowest level since early February before recovering slightly in Tuesday morning's Asian trading session. This slight recovery occurred without strong buying moment...
The USD/JPY pair declines on Tuesday to around 153.50 at the time of writing, down 0.40% on the day, as the Japanese Yen (JPY) attracts fresh safe-haven flows amid renewed global risk aversion. Fears ...
The Japanese yen remains under pressure against the strengthening US dollar, reaching its lowest level since last February. Markets remain uncertain about when the Bank of Japan (BoJ) will raise inter...
The Japanese yen strengthened, breaking through 152 per US dollar on Wednesday (October 29th), continuing its two-day rally. Market participants are positioning themselves ahead of this week's Bank of...
European stocks recovered in afternoon trading and closed slightly higher on Monday (November 24th), paring losses from the previous week thanks to renewed dovish signals from key FOMC members. The Eurozone STOXX 50 rose 0.4% to 5,540, and the...
European shares ended higher on Monday, boosted by technology-focused stocks as risk sentiment improved on growing expectations of a U.S. interest rate cut next month, while investors also focused on progress in the Ukraine peace plan. The...
Gold (XAU/USD) traded slightly higher on Monday (November 24th) as investors considered developments in the Federal Reserve's monetary policy outlook alongside improving sentiment on risk assets. At the time of writing, XAU/USD was trading around...
The Dow Jones Industrial Average rebounded on Friday after New York Federal Reserve President John Williams suggested the central bank could cut...
U.S. President Donald Trump said fiscal revenue from his trade tariffs is set to "skyrocket" in the coming months as inventory levels among local...
Asia-Pacific markets started the week with gains after New York Fed President John Williams signaled that a third interest rate cut is still...
European stocks rose Monday, starting the new week on a positive note given renewed optimism that the U.S. Federal Reserve can cut interest rates...