The Japanese Yen (JPY) reversed modest Asian session gains against the broadly stronger USD and remained near monthly lows retested earlier this week. The Bank of Japan's (BOJ) cautious approach to winding down its decade-long monetary stimulus forced investors to push back their expectations about the likely timing of the next interest rate hike to Q1 2026.
Additionally, concerns about the potential economic impact of the US's 25% tariffs on Japanese vehicles and a reciprocal 24% levy on other imports turned out to be key factors undermining the JPY.
The USD, on the other hand, rose to its highest level in over a week following the Federal Reserve's (Fed) hawkish pause on Wednesday. This further helped the USD/JPY pair to hold steady above the 145.00 psychological mark, though traders seemed reluctant to place any aggressive directional bets.
Uncertainties surrounding US President Donald Trump's trade policies and escalating geopolitical tensions in the Middle East continued to weigh on investor sentiment. This revived demand for traditional safe haven assets and in turn, helped limit deeper losses for the JPY.(alg)
Source: FXstreet
The yen fell broadly on Monday following news that Japanese Prime Minister Shigeru Ishiba had resigned, while the dollar was nursing losses after tumbling on a weak U.S. jobs report that cemented expe...
The Japanese Yen (JPY) maintains its offered tone through the Asian session on Wednesday amid heightened domestic political and trade-related uncertainties. Furthermore, the lack of hawkish signals fr...
The USD/JPY pair trades on a stronger note around 148.50 during the early Asian session on Wednesday. Heightened political uncertainty in Japan weighs on the Japanese Yen (JPY) against the US Dollar (...
The yen strengthened to around 146.8 per dollar on Monday, recovering losses from the previous session as the greenback stayed under pressure from expectations of Federal Reserve rate cuts. Traders ar...
The USD/JPY pair gains ground to around 147.20 during the early Asian session on Monday. The Japanese Yen (JPY) softens against the US Dollar (USD) as cooling inflationary pressures in Japan undermine...
Oil prices continue to rise due to Russian supply risks (Primorsk, Ust-Luga, Kirishi) and a weakening dollar ahead of the Fed's potential 25 bps cut. Key points: Brent $67.20 / WTI $62.94; drone attacks potentially reducing Russian exports to India...
Japan's Nikkei 225 index opened higher on Monday (September 15th) at 44,803.30 points before closing at 44,768.12 points. Although it briefly broke through its daily high of 44,888.02 points, the index was unable to maintain its full gains due to...
The Hang Seng rose 58 points or 0.2% to close at 26,447 on Monday, marking its second straight gain and tracking an uptick in U.S. futures ahead of an expected Fed rate cut this week. While markets expect a 25bps reduction, President Trump has...
The University of Michigan (UoM) is expected to release the preliminary reading of its monthly Consumer Confidence Index for September on Friday....
The Nasdaq Composite notched a perfect week of closing highs on Friday as investors took signs of weakening jobs and tame inflation to mean the...
Poland rejected on Friday a suggestion by Donald Trump that Russian drone incursions into its airspace could have been a mistake, a rare...
The University of Michigan consumer sentiment for the US dropped to 55.4 in September 2025, down from 58 in August and well below market...