The Japanese Yen fails to lure buyers in the wake of the divergent BoJ- Fed policy expectations. A positive risk tone also undermines the JPY, though intervention fears help limit further losses. Traders also seem reluctant ahead of this week’s key central bank event risk and US macro data. The Japanese Yen continues with its struggle to register any meaningful recovery and languishes near a multi-decade low against its American counterpart during the Asian session on Wednesday.
9 from March's final reading of 51.7. Investors, however, seem convinced that the Federal Reserve is unlikely to begin its rate-cutting cycle in June and have also scaled back their expectations about the total number of rate cuts in 2024 to less than two. Traders now look to Wednesday's release of the US Durable Goods Orders, though the focus remains on the Advance Q1 GDP and the Personal Consumption Expenditures Price Index on Thursday and Friday, respectively.
BOJ Middleeast Fed SEO
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trading Emerging Market Forex Pairs - USD/MXN, USD/BRL, USD/ZAR, USD/INR, USD/CNHIn the dynamic realm of forex trading, emerging market currency pairs have garnered significant attention in recent years for their unique blend of volatility and potential returns.
Source: DailyFX - 🏆 305. / 63 Read more »
US Dollar Still on Bullish Path; Setups on EUR/USD, GBP/USD, USD/JPY, USD/CADThis article examines the technical outlook for EUR/USD, GBP/USD, USD/JPY and USD/CAD, dissecting major price thresholds that traders should keep an eye on as potential support or resistance levels in the coming trading sessions.
Source: DailyFX - 🏆 305. / 63 Read more »
Japanese Yen trades above multi-decade low against USD, not out of the woods yetThe Japanese Yen (JPY) is seen oscillating in a narrow trading band against its American counterpart during the Asian session on Friday and consolidating this week's heavy losses to the lowest level since 1990.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Japanese Yen refreshes multi-decade low against USD, bears not ready to give up yetThe Japanese Yen (JPY) continues with its struggle to register any meaningful recovery against its American counterpart and drops to a fresh multi-decade low during the Asian session on Monday.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Japanese Yen remains pinned near multi-decade low against USDThe Japanese Yen (JPY) ticks higher against its American counterpart during the Asian session on Thursday and looks to build on the previous day's modest bounce from the vicinity of a multi-decade low.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Japanese Yen slides back closer to multi-decade low against USD, bears retain controlThe Japanese Yen (JPY) witnessed an intraday turnaround from over a two-week high touched against its American counterpart on Friday and finally settled near the lower end of its daily trading range.
Source: FXStreetNews - 🏆 14. / 72 Read more »