The Japanese Yen draws some support from intervention fears, albeit lacking bullish conviction. The US-Japan rate differential and a positive risk tone seem to undermine the safe-haven JPY. The USD/JPY bulls might wait for a break through a short-term range before placing fresh bets. The Japanese Yen 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.
This boosted investors' appetite for risker assets, which, along with the Bank of Japan's dovish language, signaling that the next rate hike will be some time away, should keep a lid on the safe-haven JPY. Technical Analysis: USD/JPY needs to find acceptance above the 152.00 mark for bulls to regain near-term control From a technical perspective, the USD/JPY pair has been oscillating in a range over the past two weeks or so.
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.
Japanese Yen remains vulnerable near multi-decade low against USDThe Japanese Yen (JPY) struggles to capitalize on a modest uptick against its American counterpart during the Asian session on Tuesday and remains well within the striking distance of a multi-decade low touched last week.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Japanese Yen Surges Against USD As Markets Again Mull BoJ Policy ExitCould March be the month when the Bank of Japan finally tightens policy, or at least looks serious about doing so? Bets are increasing.
Source: DailyFX - 🏆 305. / 63 Read more »
Japanese Yen adds to post-BoJ losses, plummets to fresh YTD low against USDThe Japanese Yen (JPY) prolongs its downtrend against its American counterpart for the seventh straight day and drops to over a four-month low during the Asian session on Wednesday.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Japanese Yen Outlook & Market Sentiment: USD/JPY, EUR/JPY, GBP/JPYThis article provides an in-depth examination of retail sentiment on the Japanese yen across three key FX pairs: USD/JPY, EUR/JPY and GBP/JPY, exploring potential scenarios based on contrarian signals.
Source: DailyFX - 🏆 305. / 63 Read more »
Japanese Yen slides to near two-week low against USD ahead of BoJ policy decisionThe Japanese Yen (JPY) drifts lower for the sixth straight day on Tuesday and weakens to a nearly two-week low against its American counterpart during the Asian session.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Japanese Yen (USD/JPY) Rally Continues, BoJ Policy Decision ImminentTuesday’s Bank of Japan policy decision may see the central bank lift interest rates out of negative territory for the first time since January 2016
Source: DailyFX - 🏆 305. / 63 Read more »