TAG: BOJ
USDJPY Holds Near Highs Despite Hawkish BOJ Comments
BOJ Tightening ExpectationsUSDJPY has recovered off the day’s lows with the pair trading back in the green now ahead of key US labour market readings due later today. JPY had been stronger initially on comments today from BOJ governor Ueda which appeared...
6 months ago
Intervention Fears Grow As USDJPY Hits 1990's Levels
USDJPY Hits Record LevelsFears of BOJ intervention in the FX market are at heightened levels today following the breakout in USDJPY seen yesterday. The pair moved to its highest level since August 1990 yesterday as hotter-than-forecast US inflation effect...
6 months ago
USDJPY: On intervention watch
Yen weakens to multi-year lows Markets on intervention watch BoJ decision & US data in focus Prices approach 161.8 golden Fib levels Key levels of interest at 155.00, 154.20 & 21 day SMA The Yen's weakness to multi-year lows has left investors on...
5 months ago
Huge JPY Volatility Risk Seen Ahead of BOJ
JPY Plunging FurtherYen traders are on high alert today as USDJPY continues to breakout to fresh multi-decade highs. The pair has today broken above the prior YTD highs around 155. Japanese authorities have warned recently that they are monitoring markets...
5 months ago
Unusual Yen Price Moves Seen After BOJ
JPY VolatilityTraders are questioning whether we’re seeing the first signs of intervention today by Japanese authorities after USDJPY suddenly plunged around 1.2% before reversing the losses immediately. Overnight, the BOJ held policy unchanged, defying t...
5 months ago
Trade Of The Week: USDJPY monster move fuels intervention talk
USDJPY tumbles 500 pips! Yen rebound sparks intervention talk Watch out for Japan data & USD volatility More wild swings on horizon? Key level of interest at 155.00 Everybody is talking about the Japanese Yen, and why not? Its dramatic reversal aga...
5 months ago
USDJPY Falls After FOMC
USDJPY Drops AgainThe US Dollar dropped more than 3% against the Japanese Yen yesterday as the Fed struck a less hawkish tone than many were expecting at the May FOMC. The Fed warned that it was still set on easing rates but had not yet gained enough conf...
5 months ago
USDJPY: Braced for BoJ & Fed combo
USDJPY could see extreme volatility this week Over past year BoJ decision triggered moves of ↑ 1.1% Fed decision sparked moves of ↑ 0.6% & ↓ 1.3% over past year Bloomberg FX model: 77% USDJPY – (151.30 – 157.99) Key technical level – 155.00 A super c...
2 months ago
USDJPY: Waits on BoJ and Fed chief remarks
USDJPY ↓ 3% month-to-date Ueda testimony + Powell speech in focus Prices heavily bearish but RSI near oversold Bloomberg FX model: 73% - (142.70 – 148.67) Key technical level: 145.00 Check this out. The USDJPY could see big price swings on Friday! Th...
1 month ago
Will Fed/BOJ Divergence Drive Fresh USDJPY Selling?
JPY Back On WatchThe Japanese Yen has fallen out of the spotlight in recent weeks following the seismic shift we saw in JPY FX rates across the start of August. JPY strengthened sharply on the back of the BOJ slashing bond purchases and hiking rates at th...
1 month ago
USDJPY Sinking Ahead of NFP
JPY RallyingUSDJPY is pushing lower once again today as traders brace for the August NFP report due this afternoon. A series of weak labour market readings this week have raised fears of fresh weakness in the NFP data. Last month, global markets were seen...
1 month ago
Will US Inflation Drive USDJPY Lower?
USDJPY Under PressureUSDJPY has broken down to fresh lows for the year ahead of the upcoming US inflation reading later today. The greenback has come under pressure on the back of last night’s presidential elections debate which post-debate polls have ge...
1 month ago
Week Ahead: Central banks take centre stage
Will Fed decision push US500 to fresh records? UK100 waits on BoE for next move JP225 could be rocked by BoJ meeting Watch out for other central bank meetings If you thought the last few days were eventful, wait until you see what’s in store for the week...
1 month agoUSDJPY Plunge Deepens Ahead of FOMC
Yen Strength ContinuesUSDJPY remains under heavy selling pressure today with the pair now trading at levels last seen in July 2023. Increased expectations of more aggressive action from the Fed this week is keeping USD well-offered today. Given the hawkis...
1 month ago