The Japanese Yen (JPY) held firm against its US counterpart, lifting the USD/JPY pair near the 153.00 level, or a fresh monthly peak during the Asian session on Friday.
Recent media reports suggested that the Bank of Japan (BOJ) will not raise interest rates at its upcoming policy meeting next week, which in turn, further undermined the JPY.
Moreover, expectations for a less dovish Federal Reserve (Fed) continued to support higher US Treasury bond yields and further weighed on the lower-yielding JPY.
Meanwhile, the BOJ's quarterly Tankan survey released today showed that business confidence at Japan's major manufacturers improved slightly in the fourth quarter of 2024. This is in line with the central bank's plan to gradually raise interest rates and may restrain JPY bears from placing aggressive bets.
Furthermore, persistent geopolitical risks and concerns over US President-elect Donald Trump's tariff plans should help limit losses for the safe-haven JPY ahead of next week's key central bank event risks – the FOM and BOJ policy meetings.
Source: FXStreet
The Japanese yen weakened earlier this week following reports that the Liberal Democratic Party (LDP) and the Japan Innovation Party (JIP) had agreed to form a coalition government. This agreement ope...
USD/JPY pair edges higher to near 150.35, the highest since August 1, during the early Asian session on Tuesday. The Japanese Yen (JPY) weakens against the US Dollar (USD) on political stability conce...
Politics dominated currency markets on Monday as the Japanese yen weakened by the most against the dollar in five months as Sanae Takaichi looked set to become Japan's next prime minister, while the e...
The USD/JPY pair climbs to near 149.65 during the early Asian session on Monday. The Japanese Yen (JPY) faces some selling pressure against the Greenback after a ruling-party vote for Sanae Takaichi t...
The Japanese yen strengthened for the fifth straight day on Thursday, remaining near the two-week high reached the previous day as the US dollar weakened. Markets are increasingly accepting that the B...
Gold was under pressure in the Asian session on Wednesday (October 22, 2025) as the US dollar strengthened and real Treasury yields remained high, increasing the opportunity cost of holding non-yielding assets. Risk sentiment also improved...
Gold and silver steadied after their steepest selloff in years, as investors locked in profits on concern the recent surges in the precious metals had left them overvalued. Spot gold traded near $4,125 an ounce after tumbling as...
Oil gained after an industry report signaled US crude stockpiles shrunk for the first time in four weeks, while President Donald Trump reiterated India would trim its purchases of Russian energy. West Texas Intermediate climbed toward $58 a...
U.S. Treasury Secretary Scott Bessent said on Friday he expects to meet next week with Chinese Vice Premier He Lifeng in Malaysia to try to...
The 20-day US federal government shutdown is likely to end this week, White House economic adviser Kevin Hassett said on Monday.
"I think the...
Asia-Pacific stock markets opened higher on Monday (October 20th), as investors awaited the release of key economic data from China. Analysts expect...
U.S. President Donald Trump said Monday he expects to reach a "fair trade deal" with Chinese President Xi Jinping and downplayed fears of conflict...