The Japanese Yen (JPY) moved little after the Bank of Japan's (BoJ) decision to leave the short-term interest rate target unchanged and remains depressed in the wake of weaker-than-expected domestic data released earlier this Wednesday.
Apart from this, a modest US Dollar (USD) bounce, from a multi-month low touched on Tuesday, lifts the USD/JPY pair above mid-149.00s during the Asian session.
The JPY bears, however, seem reluctant to place aggressive bets and opt to wait for BoJ Governor Kazuo Ueda's comments at the post-meeting press conference. Investors will look for cues about the timing and scope of future rate hikes by the BoJ, which, in turn, will drive the JPY. The focus will then shift to the outcome of a two-day FOMC meeting, which will drive the USD and the USD/JPY pair.
Source : Fxstreet
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...
The USD/JPY pair extends the rally to a two-week high near 152.65 during the early Asian session on Friday. The Japanese Yen (JPY) weakens against the US Dollar (USD) as traders weigh fresh US sanctio...
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...
Silver traded above $47.5 per ounce on Wednesday, snapping a three-day losing streak as global risk-off sentiment spurred demand for safe-haven assets. Global equities and other risk assets fell sharply amid concerns over stretched valuations and...
Gold (XAU/USD) holds steady within familiar ranges on Wednesday as a mild risk-off tone across global markets underpins demand for the safe-haven metal. At the time of writing, XAU/USD is trading around $3,975, recovering modestly from Tuesday's...
The U.S. dollar edged up on Wednesday, extending its gains from last week on doubts about the outlook for another Fed rate cut this year and as private payrolls data assuaged worries over the state of the labor market. U.S. private payrolls rose...
Asian stocks opened lower on Tuesday, reversing Wall Street's rally fueled by Amazon's massive $38 billion deal with OpenAI. Stock markets in South...
The economic activity in the United States' (US) manufacturing sector continued to contract in October, with the Institute for Supply Management's...
European stocks opened slightly higher in November, with the STOXX 50 and STOXX 600 gaining 0.2%, after closing near record highs in October....
Asia-Pacific markets declined on Wednesday, following a decline on Wall Street, which was driven by concerns about the valuations of artificial...