TAG: usdjpybob
USD/JPY Forecast: BoJ Accommodation, Fed Speakers, and 152 Barrier Dynamics
An Accommodative Bank of Japan, Interventions, and 152On Tuesday, the Bank of Japan and the Japanese government could impact buyer demand for the USD/JPY. Recent economic indicators from Japan have given the BoJ little reason to shift from post-pivot forw...
6 months ago
USD/JPY Forecast: BoJ’s Eyes on Japan Services Sector Activity
Japan Services Sector Activity Puts the Bank of Japan in FocusOn Wednesday, April 3, the Jibun Services PMI for March warrants investor attention. The Bank of Japan recently turned its attention to the services sector as a source of demand-driven inflatio...
6 months ago
USD/JPY Weekly Forecast: Inflation Trends, Central Bank Chatter, and 152
Weekly Overview of the USD/JPY in the Week Ending April 5, 2024The USD/JPY gained 0.19% in the week ending April 5, closing the week at 151.607. The USD/JPY rose to a Wednesday high of 151.951 before falling to a Friday low of 150.809.USD/JPY Analysis: Wa...
6 months ago
USD/JPY Forecast: Intervention Threats, BoJ Action, and Fed Eyes on CPI
Average Cash Earnings and the Current Account SurplusOn Monday, average cash earnings and current account numbers from Japan put the USD/JPY in focus.Average cash earnings increased 1.8% year-on-year in February after advancing 2.0% in January. Economists...
6 months ago
USD/JPY Forecast: Balancing Consumer Confidence and Intervention Risks
Consumer Confidence, Machine Tool Orders, and InterventionsOn Tuesday, consumer confidence and machine tool orders may influence buyer appetite for the USD/JPY.An improving consumer confidence environment could signal a pickup in consumer spending. Consum...
6 months ago
USD/JPY Forecast: Producer Prices, the BoJ, and the US CPI Report
Producer Prices, the Bank of Japan, and InterventionsOn Wednesday, producer price figures from Japan put the investor focus on the USD/JPY.Producer prices increased by 0.8% year-on-year in March after rising by 0.6% in February. Economists forecast produc...
6 months ago
USD/JPY Forecast: Fed Rate Path, Consumer Confidence, and BoJ Intervention Dynamics
Intervention Threats and the Bank of JapanOn Friday, the Bank of Japan and the Japanese government will continue to impact buyer demand for the USD/JPY. Holding onto the 153 handle, the weaker Yen could incentivize the Japanese government to intervene.The...
6 months ago
USD/JPY Weekly Forecast: The Middle East, Central Banks, and the Stats
Weekly Overview of the USD/JPY in the Week Ending April 12, 2024The USD/JPY advanced by 1.06% in the week ending April 12, closing the week at 153.210. The USD/JPY fell to a Monday low of 151.545 before rallying to a Friday high of 153.384.USD/JPY Analysi...
6 months ago
USD/JPY Forecast: The Middle East and US Retail Sales in Focus
Flight to Safety?On Monday, the USD/JPY may face selling pressure as investors consider the news of Iran attacking Israel. The US dollar and Japanese Yen are safe-haven currencies. Nevertheless, investors traditionally favor the Japanese Yen over the US d...
6 months ago
USD/JPY Forecast: Fed Rate Path, Middle East News, Intervention Risks, and 155
Monetary Policy Divergence, Yield Differentials, and Carry TradesOn Tuesday, the USD/JPY could be in the hands of the Bank of Japan and the Japanese government. Expectations of a more hawkish Fed rate path leave interest rate differentials firmly favoring...
6 months ago
USD/JPY Forecast: Falling Imports Deliver a Trade Surplus of ¥366.5 billion
Imports Decline, Delivering a Trade SurplusOn Wednesday, trade data from Japan put the USD/JPY in focus.The trade balance shifted from a ¥377.8 billion deficit to a ¥366.5 billion surplus in March.According to the Ministry of Finance,Exports increased by...
5 months ago
USD/JPY Forecast: The BoJ, Household Spending, the Fed, and 155
The Bank of Japan and Household SpendingOn Thursday, the Bank of Japan could influence the buyer appetite for the USD/JPY.Bank of Japan Board member Asahi Noguchi will be in the spotlight. Forward guidance on monetary policy may influence buyer appetite f...
5 months ago
USD/JPY Forecast: Japan Inflation News and BoJ Guidance
Inflation and the Bank of JapanOn Friday, inflation numbers from Japan could impact buyer demand for the USD/JPY. Economists forecast the core annual rate of inflation to ease from 2.8% to 2.7% in March. Moreover, economists expect the annual inflation ra...
5 months ago
USD/JPY Weekly Forecast: Services PMIs, Inflation, the Bank of Japan, and 155
Weekly Overview of the USD/JPY in the Week Ending April 19, 2024The USD/JPY gained 0.91% in the week ending April 19, closing the week at 154.598. The USD/JPY fell to a Monday low of 152.960 before rising to a Tuesday high of 154.787.USD/JPY Analysis: Ser...
5 months ago