The Japanese Yen (JPY) seesaws between tepid gains/minor losses against its American counterpart through the early European session on Monday amid mixed fundamental cues.
The prevalent risk-on environment, along with the uncertainty over the likely timing of the next interest rate hike by the Bank of Japan (BoJ), is seen undermining the safe-haven JPY. However, the divergent BoJ-Federal Reserve (Fed) policy expectations hold back the JPY bears from placing aggressive bets.
Investors seem convinced that the BoJ will raise interest rates by the end of this year. In contrast, the US central bank is expected to resume its rate-cutting cycle in September.
This keeps the US Dollar (USD) depressed near a two-week low touched on Friday and acts as a tailwind for the lower-yielding JPY. Apart from this, nervousness ahead of the US-Russia bilateral talks on Ukraine offers some support to the JPY and contributes to keeping the USD/JPY pair below the 147.75-147.80 hurdle.
Source: FXstreet
The Japanese Yen (JPY) weakens slightly during the Asian session on Thursday in reaction to reports that US President Donald Trump could impose an additional 15% tariff on all Japanese imports. This,...
The Japanese Yen (JPY) oscillated within a range against the US currency during the Asian session on Wednesday (August 6th), moving little following the release of less-than-impressive macro data. Jap...
The USD/JPY pair trades 0.35% higher to near 147.70 during the European trading session on Tuesday. The pair gains after attracting significant bids after refreshing the 10-day low around 146.60 earli...
The USD/JPY pair trades 0.35% higher to near 147.70 during the European trading session on Tuesday. The pair gains after attracting significant bids after refreshing the 10-day low around 146.60 earli...
The Japanese Yen (JPY) extended its gains against the US Dollar (USD) on Monday, strengthening slightly after staging a sharp rebound from a four-month low of 150.84 following Friday's disappointing U...
Oil prices were steady on Monday, after falling more than 4% last week, as investors looked ahead to talks between the U.S. and Russia later this week on the war in Ukraine. Brent crude futures were up 5 cents to $66.64 a barrel at 1003 GMT, while...
Silver prices fell to $37,845 on Monday afternoon, pressured by easing geopolitical tensions after US President Donald Trump announced a meeting with Russian President Putin this week. The easing of global risks has reduced interest in safe-haven...
President Trump's deadline for Russia to strike a peace deal with Ukraine passed without stricter US sanctions imposed on Moscow. This likely contributed to the recent weakness in crude oil prices, with Brent trading at its lowest levels since...
European stocks closed firmly higher to record sharp gains in the first week of August as markets continued to assess the outlook of the European...
The Federal Reserve is seen as more likely to slash interest rates at its upcoming policy meeting in September following President Donald Trump's...
New Delhi has put on hold its plans to procure new U.S. weapons and aircraft, according to three Indian officials familiar with the matter, in...
US stocks closed higher on Friday, with the S&P 500 up 0.8%, and the Nasdaq climbing nearly 1%, while the Dow gaining 206 points. Technology...