Tag: USDJPY
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Unpacking the Latest Market Movements: Inflation, S&P 500, VIX, Dollar and USDJPY
As the US announces plans to sell 26 million barrels of crude, oil futures fall. Following the announcement that the US government will move on with its plan to sell an additional 26 million barrels of crude oil from the Strategic Petroleum Reserve, oil futures prices fell on Tuesday. In order to honor its promise […]
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New Leadership in the Bank of Japan: Will it Signal a Shift in Monetary Policy?
Nominee for Governor of the Bank of Japan made by the Japanese Prime Minister A Top-Level Change It is the first time in ten years that the Bank of Japan (BOJ) has had a new governor chosen by the Japanese Prime Minister, Fumio Kishida. Haruhiko Kuroda, the current governor, has been in office since March […]
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Breaking News: BoJ Governor Change Brings Shift in Monetary Policy, USD/JPY Falls
Expert Evaluation on Market Trend for USD/JPY Potential Leadership Transition at the Bank of Japan There are rumors that when the current governor, Haruhiko Kuroda, steps down on April 8th, he or she may be replaced by former Bank of Japan policy member Kazuo Ueda, according to recent reporting from The Nikkei Asia. Masayoshi Amamiya, […]
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The USD/JPY bullish momentum is increasing.
Technical Summary Bulls are still insatiable and are now focusing on the important resistance at 132.903. On the D1 time frame, the USDJPY currency pair has been in a protracted downturn until a last lower bottom was observed at 127.218 on January 16. The Momentum Oscillator crossed over the 100 baseline into positive territory as […]
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Risk Assets Soar as FOMC Admits to Inflation – USD/JPY Trend Continuation in Focus
After the FOMC acknowledged inflation concerns, risk assets rose. Chairman Jerome Powell highlighted his unhappiness with the lack of progress in “core services ex-housing” during the press conference following last night’s Federal Open Market Committee (FOMC) meeting, which caused a jump in risk assets. As market players gambled against the Fed’s capacity to maintain strict […]
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MUFG: USD/JPY Rate Nearing 120, Potential For Yen Rebound
The US, Euro-Zone, and UK central banks’ moves this week have reportedly lowered general expectations for rates and yields outside of Japan, according to foreign exchange experts at MUFG. Markets, on the other hand, have great doubts about the Bank of Japan’s ability to halt policy tightening since rates are expected to increase. The yen […]
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Fresh 3-Week High for USD/JPY on Rumors of New BoJ Governor
US dollar/yen prices, charts, and analysis: In the Asian session, the USD/JPY pair traded over the 132.00 level, setting a new 3-week high. In response to Friday’s prolonged climb, the dollar index appears to be erasing some of its gains at the start of the European session. Following a Nikkei story that the Japanese Government […]