Yen is set back by doves. Forecast as of 07.02.2023
2023.02.07 2023.02.07 Yen is set back by doves. Forecast as of 07.02.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ For a long time, markets saw Haruhiko Kuroda’s retirement as a signal of a soon monetary tightening start. What if the new BoJ governor is even more dovish? Where will USDJPY go then? Let us discuss the Forex outlook and make […]
Japan confirms FX interventions twice in Oct to support yen By Reuters
© Reuters. FILE PHOTO: Banknotes of Japanese yen are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration/File Photo TOKYO (Reuters) – Japan confirmed on Tuesday that it did intervene in the foreign exchange market twice in October to support its yen currency, Ministry of Finance (MOF) data showed on Tuesday. The quarterly […]
Market Update – February 6 – USD & Yields higher, Yen, Stocks & Gold sink
A blockbuster NFP on Friday (571k new jobs vs 185k) & strong Services PMI (55.2 vs 50.5) has lifted the Dollar and Yields, sinking Stocks and Gold (the 3 mth Gold rally is over). YEN is weakest this morning with key “Dove” Amamiya (current deputy) a possible to take the […]
Japanese yen slides as report pegs Amamiya as BOJ governor By Investing.com
© Reuters. By Ambar Warrick Investing.com– The Japanese yen fell to an over three-week low against the dollar on Monday after a report said that Bank of Japan Deputy Governor Masayoshi Amamiya, who is a proponent of ultra-loose monetary policy- will take over as the bank’s governor. The that government sources said Amamiya was in consideration […]
Yen demands changes. Forecast as of 03.02.2023
2023.02.03 2023.02.03 Yen demands changes. Forecast as of 03.02.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Bank of Japan has been an odd one out for a long time, choosing not to tighten policy amidst mass rate hikes. Now, other central banks are ready to pause, too. How will that affect the USDJPY? Let’s discuss it and make a […]
BOJ Gov Kuroda says the Bank’s paper loss from bond holdings was 8.8tln yen at end-2022
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]
Japanese Yen (USD/JPY) Trapped in a Narrow Range Ahead of US Core PCE
USD/JPY Price, Chart, and Analysis Tokyo’s price pressures remain hot. USD/JPY trapped ahead of important US economic data. Recommended by Nick Cawley Download our brand new Japanese Yen forecast Annual inflation in Japan’s largest city, Tokyo, continues to push higher, with the core rate touching 4.3% in January, the highest level in over four decades. […]
Asia FX muted as PCE data looms, yen boosted by inflation By Investing.com
© Reuters. By Ambar Warrick Investing.com — Most Asian currencies kept to a tight range on Friday in anticipation of the Federal Reserve’s preferred inflation gauge, while the Japanese yen rose as higher-than-expected Tokyo inflation readings fed into expectations for more hawkish moves by the Bank of Japan. The rose 0.2% against the dollar and […]
What you should know about the BoJ and the Japanese Yen
During the last few weeks, investors and traders have been focusing their attention on the Japanese Yen as well as the Japanese economy. The Bank of Japan surprised market analysts in December as it unexpectedly altered a part of its monetary policy. In this blog, we will explain why the Japanese Yen made the headlines […]
Japanese Yen Gains After Strong Demand at 2-Year Treasury Auction, Where to?
Japanese Yen, USD/JPY, 2-Year Treasury Auction, US GDP – Asia Pacific Market Open: Japanese Yen gained as the 2-year Treasury yield weakened Local bond auction showed demand was highest since 2020 USD/JPY remains focused lower after October trendline held Recommended by Daniel Dubrovsky Get Your Free JPY Forecast Asia-Pacific Market Briefing – Japanese Yen Gains […]