JPY

By RoboForex Analytical Department USD/JPY has been struggling to break past the resistance level at 149.55 despite repeated attempts over the past five trading sessions. The Japanese yen remains under pressure as the Federal Reserve signals a more moderate approach to interest rate cuts in its...

By RoboForex Analytical Department The Japanese yen continues its recovery rally. The USD/JPY pair falls to 143.38 on Monday. This development is likely only the midpoint of the process as the market regains past losses and brings the JPY to equilibrium. USD/JPY is currently at its lowest level...

By RoboForex Analytical Department The USD/JPY pair has experienced a sharp decline, currently at 152.79, following decisive monetary policy adjustments by the Bank of Japan (BoJ). In a significant shift, the BoJ raised its interest rate to 0.25% per annum and unveiled plans to scale back monthly...

By RoboForex Analytical Department The USD/JPY pair unexpectedly declined last night due to a weakening US dollar. Currently, it is hovering around 156.33. Japanese Finance Minister Shunichi Suzuki highlighted the government's recent interventions to support the yen, significantly impacting the...

By RoboForex Analytical Department The USD/JPY pair is hovering around 155.00 on Monday, having earlier touched a new 34-year peak at 160.00. Market rumours suggest that the Japanese authorities might have intervened in the currency market, although there has been no official confirmation. Today...

By RoboForex Analytical Department The Japanese yen is experiencing a notable decline against the US dollar, with the USD/JPY pair currently hovering around 151.88 on Tuesday. Despite the US dollar's instability, driven primarily by fluctuations in Treasury bond yields, the yen faces...

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...

​The index that measures the strength of the JPY against a basket of other currencies (JXY) is down approximately 9.5% year-to-date. At the time of writing, the index is valued at 87.97, after spending the past month climbing up from its yearly low of 86.60. Not only was 86.60 a yearly low, but...

The IMF recently announced that the Chinese RMB would be the fifth currency included in the SDR (Special Drawing Right) basket. The currency will be given a weight of 10.92 percent in the SDR. In a recent report, UBS analysts shared a look into how this decision impacts liquidity and the overall...

The Nadex Exchange has announced that it will be adding additional night time and afternoon intraday binary strikes and expirations for the EUR/JPY, staring on April 7th. It recently added more binary expirations for the AUD/USD, GBP/USD and Nikkei 225. These changes allow more opportunities...