Japanese Yen

The US Dollar Index experienced a drop of 0.33% on Wednesday, following Israeli strikes. The dollar has shown a significant recovery this year with a 4.8% increase. The USD/JPY pair surpassed its 2023 high, achieving a 2% increase in April. On Wednesday, the US Dollar Index (DXY) relinquished its...

By RoboForex Analytical Department The USD/JPY pair stabilised around 151.35 by Tuesday, not far from its recent peaks, as the weakness of the Japanese yen has prompted verbal interventions from Japanese authorities. Japan's Finance Minister, Shunichi Suzuki, mentioned that measures to...

By RoboForex Analytical Department The USD/JPY pair is rising, reaching 148.28 on Friday. The US dollar is strengthening across the market following the release of US retail sales data. This information is prompting market participants to reassess their expectations for the future of the US Federal...

By RoboForex Analytical Department The USD/JPY pair has begun to rise, reaching 147.33. This shift follows five consecutive sessions of yen appreciation without interruption. Firstly, the US dollar has halted its rapid decline and shows signs of strengthening. This shift has led to a "pause...

By RoboForex Analytical Department The Japanese yen strengthened against the US dollar on Monday, reaching a month-long peak following the release of statistics indicating Japan's return to economic growth in Q4 2023. This development effectively ends the previously declared technical recession...

Bitcoin (CRYPTO: BTC) is back above $1 trillion in market capitalization and has hit an all-time high in the Japanese yen. This marks the first new all-time high in a major currency, following previous highs in the Argentine peso and the Turkish lira. What Happened: Bitcoin in JPY (BTC/JPY) is...

Deutsche Bank, in a recent report, compared the Japanese Yen with some of the world’s weakest currencies. What Happened: The report drew parallels between the weak fundamentals of the yen and those of the Argentine peso and the Turkish lira. It was authored by George Saravelos, Global Head of...

Noted economist Mohamed A. El-Erian highlighted concerns regarding the Yen’s exchange rate against the dollar, emphasizing the potential implications for the Bank of Japan’s monetary policy. What Happened: El-Erian, in his tweet, pointed out that the Yen’s exchange rate against...

Global markets experienced a dramatic increase in volatility in the last hours of trading in New York on Thursday followed by a gradual reversal, resulting in a fresh bullish session for both equities and bonds on Friday. But what does the Bank of Japan have to do with all of this? The wild market...

The GBP/JPY pair finds itself at a critical juncture as the British Pound has experienced a slight pullback against the Japanese Yen in recent weeks. Although there have been attempts to push higher, the price action is signaling a potential topping pattern, noticeable between June 27th and July...

Japan's annual inflation rate in June 2023 rose marginally to 3.3% from May's 3.2%, but fell below market forecasts of 3.5%. While costs increased for various categories such as food, housing, transport, and medical care, fuel, light, and water charges continued to decline for the fifth...

This Friday morning, Japan’s annual inflation rate is set to reveal a fresh decline, catching many off guard, as it unexpectedly dropped to 3.2% in May 2023 from the prior month’s 3.5% peak, missing market forecasts of 4.1%. The slowdown is evident across various sectors, with furniture...

Japan’s top financial diplomat, Masato Kanda, has revealed that Japanese authorities are in regular contact with U.S. Treasury Secretary Janet Yellen and other international officials regarding currencies and broader financial markets, Reuters reports. Constant Dialogue on Currencies The...

The latest FX & Rates Survey from Bank of America reveals that bond investors are hunting for long-dated Treasuries, put options on the stock market, and long positions in the Japanese Yen (JPY) versus high-beta currencies to shield themselves from the dangers connected with the U.S. debt limit...

Bitcoin (CRYPTO: BTC) exchange Mt. Gox trustee Nobuaki Kobayashi announced that the deadline for creditors to choose their preferred method of repayment and register their payee information has been extended from Jan. 10 to March 10. According to the statement, the extension was granted due to the...