The Japanese Yen was late to the party in responding to the FOMC meeting that market interpreted as Dovish. What was actually said by Fed Chairman Jerome Powell was that rates will be steady due to persistent inflationary pressures though some have been hoping that any rate cuts this year will be clearly ruled out….
Shōwa Day, the late Emperor Hirohito’s birthday fittingly saw USDJPY taking a peak of the 160 region for highs at 160.192 before seeing the pair crash back to the 155 region ahead of the open of European Markets. Note, the fundamental picture for the currency is little changed from what it was last Friday when…
After keeping the market anxious for more than a week of intervention speculations around 155.00, market players initially probed past the said price before clearly pushing through. Following Friday’s BoJ Monetary Policy Meeting, Governor Kazuo Ueda made clear that easy financial conditions were here to stay in Japan with March’s rate hike a symbolic one-off….
The Japanese Yen hardly moved against the greenback with its brief drop following across the board dollar dumping quickly reversed as traders for the pair remain tightly wound. Key issue for USDJPY remains to be a question of policy with the BoJ Monetary Policy Statement and Outlook Report set for release on Friday. Note we…
The Japanese Yen continues to flirt with its rumored intervention level against the US dollar with a full week until we see key inflation data and the BoJ’s Monetary Policy Meeting. Recall that the BoJ raised its policy rate last March to come off decades of Zero Interest Rate Policy in an effort to normalize…
