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 (JPY) continued to strengthen throughout the Asian session on Monday (December 1st) after Bank of Japan Governor Kazuo Ueda again signaled that an interest rate hike could be imminent...
The Japanese yen held its recent advance to around 156 per dollar on Wednesday, hovering at one-week highs and benefiting mainly from dollar weakness as traders ramped up bets on a US Federal Reserve ...
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 ...
Japanese stocks closed lower on Monday (December 1), led by the chip and real estate sectors, as expectations of an interest rate hike by the Bank of Japan (BOJ) grew stronger. Kioxia Holdings fell 5.6% and Mitsui Fudosan fell 3.7%, while the...
Gold prices climbed again, hitting a six-week high on Monday, December 1, driven by a weakening US dollar and growing investor appetite for safe-haven assets. Spot gold hit $4,240 per ounce, while December gold futures reached $4,276. Silver was...
The Japanese yen (JPY) continued to strengthen throughout the Asian session on Monday (December 1st) after Bank of Japan Governor Kazuo Ueda again signaled that an interest rate hike could be imminent. These hawkish comments sent Japanese...
Trading on the Chicago Mercantile Exchange (CME) was halted on Friday (November 28th) following a cooling issue at one of its data centers.
"Due to...
Conflicting signals from the Federal Reserve on the timing and magnitude of U.S. interest rate cuts have accelerated hedging flows into swaptions...
European stocks ended Friday in positive territory as investors digested the end of a choppy month.
The pan-European Stoxx 600 closed the session...
Both the STOXX 50 and the STOXX 600 hovered around the flatline on the final trading day of a volatile November, as the recent rally in global...