The Japanese Yen (JPY) traded with a positive bias against its US counterpart for the third straight day on Thursday (May 15) and for now, seems to have stalled the previous day's decline from weekly highs.
The Japanese wholesale inflation data released on Wednesday indicated that companies continued to pass on costs to consumers, adding to concerns over a more entrenched price rise in Japan. This is expected to keep the Bank of Japan (BOJ) on track for further interest rate hikes, which in turn, was seen supportive of the JPY.
Additionally, a slight deterioration in the global risk sentiment – as depicted by a softer tone around equity markets – turned out to be another factor that worked in favor of the safe-haven JPY.
This, along with a modest US Dollar (USD) decline, dragged the USD/JPY pair back closer to the 146.00 mark during the Asian session. Meanwhile, optimism led by a 90-day US-China tariff truce might keep a lid on the JPY. Additionally, reduced bets for more aggressive policy easing by the Federal Reserve (Fed) could support the USD and the currency pair.(Newsmaker23)
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 (XAU/USD) edges higher on Thursday, trading around $4,115, up nearly 0.40% for the day. Demand for safe-haven assets remains firm amid the prolonged budget deadlock in Washington and persistent geopolitical uncertainty. Expectations of further...
Dollar picks up slightly with CPI release in focus The U.S. dollar drifted higher Thursday as traders weighed up fresh trade threats between Washington and Beijing, ahead of the release of key inflation data. The Dollar Index, which tracks the...
The Hang Seng rose 186 points, or 0.7%, to close at 25,968 on Thursday, reversing early declines as sentiment improved following reports that the U.S. and China will hold another round of high-level trade talks this weekend at the 47th ASEAN...
The Fed will meet on October 28-29, 2025. This meeting is crucial because the market still considers the possibility of an interest rate cut, but...
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...
According to a poll by Reuters, 115 of 117 economists have predicted that the Federal Reserve (Fed) will reduce interest rates by 25 basis points...
The Federal Reserve will go into a policy meeting next week with its view of the economy obscured by a U.S. government shutdown that has suspended...