The Japanese Yen (JPY) maintained its positive bias through the Asian session on Thursday (3/27), which, along with a broadly weaker US Dollar (USD), kept the USD/JPY pair pressured above the psychological 150.00 level. Concerns about the potential economic impact of US President Donald Trump's trade tariffs dampened investors' appetite for riskier assets. Additionally, hawkish sentiment surrounding the Bank of Japan's (BOJ) policy outlook, supported by strong wage growth for the third straight year, turned out to be a key factor supporting the JPY.
Meanwhile, the Federal Reserve's (Fed) forecast for two 25 basis point interest rate cuts by 2025, which prompted a modest pullback in the USD from a three-week high, marked a major divergence from the BOJ's hawkish expectations. This could lead to a further narrowing of the US-Japan interest rate differential and support prospects for a further near-term appreciation for the lower-yielding JPY. However, traders may prefer to wait for the release of Tokyo CPI and US Personal Consumption Expenditure (PCE) Price Index on Friday before placing fresh directional bets.(Newsmaker23)
Source: FXstreet
The Japanese yen weakened to near 158.5 per dollar on Thursday, amid market concerns over the worsening fiscal outlook. The Bank of Japan (BOJ) began a two-day policy meeting, and traders remained war...
The USD/JPY pair weakened in Asian trading on Monday, hovering around 156.20 and briefly approaching 156.00. This weakening occurred after the Japanese Yen (JPY) strengthened, following signals from t...
The Japanese yen is the worst-performing major currency against the US dollar throughout 2025, despite the Bank of Japan (BOJ) raising interest rates. Even with further tightening measures, the yen co...
The Japanese yen weakened slightly during the Asian session on Wednesday, as investors remained cautious while awaiting the Bank of Japan (BoJ) policy update. Market focus now turns to the two-day BoJ...
The USD/JPY pair weakened to around 155.10 at the start of the Asian session on Tuesday. The yen strengthened slowly as markets became increasingly confident that the Bank of Japan (BoJ) would raise i...
Gold prices briefly caused a stir after hitting a new record, but then slowed. The main trigger: US President Donald Trump withheld the threat of tariffs on Europe and claimed there was a "framework" for a future agreement on Greenland. This calmer...
Oil prices were little changed in Asian trading on Thursday after US President Donald Trump backed down from a threat to impose tariffs on European countries over Greenland. This decision helped ease geopolitical tensions and improve market...
The Nikkei 225 Index climbed 1.73% to close at 53,689, while the broader Topix Index rose 0.74% to 3,616 on Thursday, snapping a five-day losing streak as Japanese shares were lifted by a strong rally in chip and artificial intelligence related...