In September, the Yen weakened further versus the US Dollar. Economists at MUFG Bank analyze USD/JPY outlook. Yen weakness to turn The risk-reward in
The risk-reward in USD/JPY remains skewed to the downside at this juncture although a break higher initially now seems more likely, which will then likely prompt the intervention being hinted at. Hence, the prospect of remaining above those levels for long time is low.
A shift in BoJ policy also becomes more likely and we would expect strong resistance to Yen weakness at levels over 150.00.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.EUR/USD dropped to a fresh 2023-low near 1.0450 on Tuesday before staging a modest rebound. After the data from the US showed that the number of job openings rose unexpectedly in August, the US Dollar extended its rally and caused the pair to turn south in the American session.GBP/USD fell sharply to the 1.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY tumbles toward 147.00 as Japanese Yen soars; signs of possible interventionsThe USD/JPY experienced a sudden collapse, plunging more than 250 pips within a few minutes. The pair, which had been trading above 150.00 following t
Read more »
USD/JPY could hold above 145 on a six-month viewUSD/JPY is trading at a marginal new high near 149.80. Economists at Rabobank analyze the pair’s outlook. Intervention a matter of when USD/JPY cross
Read more »
USD/JPY on the Brink of Prior Intervention LevelUSD/JPY has steadily approached a major level that forced the ministry of finance and Bank of Japan to intervene in the FX market to defend the value of the yen
Read more »
USD/JPY approaches 150.00 on high US bond yields, hawkish Fed boosting the US DollarThe US Dollar (USD) climbs against the Japanese Yen (JPY) late in the North American session, gaining 0.28%, though it remains shy of testing the 150.
Read more »
USD/JPY seeking 150.00 as US Dollar rises across the boardThe USD/JPY is pushing into its highest prices in eleven months, driving towards the 150.00 major handle as the US Dollar (USD) catches a broad-market
Read more »
USD/JPY surges to 11-month highs near 150.00USD/JPY surges to its highest level in eleven months, hovering around the 149.90. This upward movement is attributed to the US Dollar (USD) benefiting
Read more »