USD/JPY recovers modest intraday losses, retakes 135.00 amid risk-on/rising US bond yields

A combination of factors assisted USD/JPY to attract some buying near the 134.35 area on Friday. The risk-on impulse, widening of the US-Japanese yield differential weighed on the safe-haven JPY. The Fed-BoJ policy diversion suggests that the pullback from a 24-year high has run its course. The USD/JPY pair attracted some buying near the 134.35 … Read more

USD/JPY retreats further from 24-year peak, below 136.00 mark after Powell’s remarks

USD/JPY corrected from a fresh 24-year high and was pressured by a combination of factors. Speculations that authorities could intervene, the risk-off mood boosted the safe-haven JPY. The lack of hawkish signals from Powell weighed on the USD and added to the selling bias. The USD/JPY pair witness an intraday retracement slide from a 24-year … Read more

GBP/JPY tumbles below 167.50 ahead of UK Inflation and BOJ’s minutes

GBP/JPY has displayed a momentum loss on higher forecasts for the UK Inflation. The BOJ minutes will disclose the secret behind keeping a neutral stance on the interest rates. The annual inflation rate of 2.9% in Japan is majorly contributed by soaring oil and food prices. The GBP/JPY pair has witnessed a steep fall in … Read more

Bulls have the upper hand, gearing up for a move beyond 136.00

USD/JPY lacked any firm direction on Monday and seesawed between tepid gains/minor losses. Bulls need to wait for sustained strength beyond the 135.50-60 area before placing fresh bets. Break below the 134.00 mark might prompt aggressive selling and expose last week’s swing low. The USD/JPY pair struggled to capitalize on Friday’s dovish Bank of Japan-inspired … Read more

GBP/JPY lacks momentum strength around 165.00, UK PMIs, BOE policymakers eyed

GBP/JPY struggles for clear directions after the first weekly loss in five. Japan’s economic assessment, Kuroda’s comments fail to impress sellers amid in action at the bond markets. UK fundamentals keep bears hopeful amid fears of economic slowdown. BOE’s Haskel, Mann could be eyed for intraday directions, UK PMIs are the key. GBP/JPY remains directionless … Read more

USD/JPY sticks to BoJ-inspired strong intraday gains, around mid-134.00s

USD/JPY gained a strong positive traction on Friday after the BoJ’s monetary policy update. The US-Japan rate differential, the risk-on impulse weighed heavily on the safe-haven JPY. The emergence of fresh USD buying provided an additional boost and remained supportive. The USD/JPY pair caught aggressive bids on Friday and snapped a two-day losing streak to … Read more

Pierces 200-HMA as BOJ leaves monetary policy unchanged

GBP/JPY prints three-day uptrend despite the latest pullback from intraday high. Immediate support line, bullish MACD signals and BOJ’s inaction together help buyers. Sellers have a bumpy road to travel before taking control. GBP/JPY reverses the knee-jerk reaction to the Bank of Japan’s (BOJ) monetary policy meeting while staying firmer around 164.60 during Friday’s Asian … Read more

BOJ leaves unchanged its guidance on policy bias, maintains dovish rhetoric

In its policy statement, the Bank of Japan (BOJ) noted that it left unchanged its guidance on policy bias, adding that it will take additional easing steps without hesitation as needed with an eye on the’s impact on the economy. Additional takeaways April guidance of offering to buy 10-year JGBs at 0.25% every business day … Read more

GBP/JPY surpasses 164.00 firmly as odds of a BOJ’s prudent policy advances

GBP/JPY has scaled above 164.00 swiftly on BOE-BOJ policy divergence. An unchanged policy stance is expected from the BOJ to keep injecting money into the economy. The BOE raised its interest rates by 25 bps to 1.25%. The GBP/JPY pair has overstepped its two-day high and has crossed the critical resistance of 164.00 swiftly on … Read more

Carefully watching impact of changes in US monetary policy

“Carefully watching the impact of changes in US monetary policy on Japan’s economy,” Japanese Finance Minister Shunichi Suzuki said on Friday. Additional comments Watching fx market moves with even more sense of urgency while working with BOJ. Expects BOJ to continue efforts to achieve price target sustainably, stably. Rapid yen weakening seen in fx market … Read more