Logo-color Logo-white

Yen is showing broad-based recovery today, although the momentum remains weak, following its decline to the lowest level against Dollar since 1986. Japan has finally stepped up its verbal intervention efforts again, with Finance Minister Shunichi Suzuki expressing a “high sense of urgency” regarding Yen’s depreciation. Suzuki pledged to “take necessary action as needed” and […]

The post Yen Recovers as Japan Steps Up Verbal Intervention, But No Sign of Lasting Bottom Yet appeared first on Action Forex.

previous

Yen Hits 37-Year Low Against Dollar, Japan to Intervene or Not?

next

Dollar Weakens after Mixed Data, Traders Turn Cautious

Read More

Yen Dips on Dovish BoJ, Aussie Gains on China Optimism
27/12/2023

Yen Dips on Dovish BoJ, Aussie Gains on China Optimism

Yen falls broadly in Asian session today, influenced by the dovish sentiments expressed BoJ’s Summary of Opinions of December meeting. The document indicated a lack of urgency among board members to tighten monetary policy, with a particular emphasis on the minimal risk associated with delaying the exit from negative interest rates. Conversely, the board expressed […]
Fed Sep Cut Now Realistic after US CPI; Japan Intervenes to Boost Yen?
11/07/2024

Fed Sep Cut Now Realistic after US CPI; Japan Intervenes to Boost Yen?

Dollar tumbled sharply in early US session following lower-than-expected consumer inflation readings. Headline CPI showed its first month-over-month decline since early 2023, while core CPI annual rate unexpectedly slowed to its lowest level since April 2021. Now, a September Fed rate cut is becoming a realistic possibility. Fed fund futures are quick to react and […]
Yen Traders Exercise Caution Ahead of BoJ
18/12/2023

Yen Traders Exercise Caution Ahead of BoJ

Japanese Yen is extending its broad-based pullback today. This movement appears to be a strategic response from traders lightening their positions in anticipation of the upcoming BoJ policy decision. Although a rate hike by the BoJ seems highly unlikely at this stage, there is speculation about potential adjustments in the central bank’s communication. These changes […]