The Japanese Yen (JPY) extends its losses against the US Dollar (USD) on Friday after the Statistics Bureau of Japan released the Tokyo Consumer Price Index (CPI) data.
The Japan ese Yen struggles after the release of the Tokyo CPI data on Friday. The JPY’s downside may be limited as traders may continue unwinding their carry trades ahead of the BoJ meeting. The US Dollar appreciates as recent US economic data have reduced rate cut expectations for September. The Japan ese Yen extends its losses against the US Dollar on Friday after the Statistics Bureau of Japan released the Tokyo Consumer Price Index data.
The BlackRock Investment Institute noted in its mid-year outlook that Japan’s economic recovery and rising inflation make its equity market one of its strongest convictions. The firm anticipates that the Bank of Japan will not raise interest rates at next week's meeting.
SEO Majors Macroeconomics Japan
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 gains ground due to rising expectations of BoJ rate hike, US CPI eyedThe Japanese Yen (JPY) halts its three-day losing streak on Thursday.
Read more »
Japanese Yen Q3 Fundamental Forecast: Yen Can Go Lower Yet Unless US Rate-Cut Hopes ReviveThe yen remains in a precarious position heading into Q3 after it depreciated to extreme levels, risking another bout of direct FX intervention from Japanese officials
Read more »
Japanese Yen nears break above 160.00 as Japanese authorities remain sidelinedThe Japanese Yen (JPY) weakens again on Wednesday in a near 10-day losing streak that only had one hiccup on the way up. Traders are dipping their toes in the water to see if the Japanese Ministry of Finance is set to intervene in forex markets.
Read more »
Japanese Tokyo CPI inflation ticks higher in June, rises to 2.3% YoY from 2.2%Japanese Tokyo Consumer Price Index (CPI) inflation rose to 2.3% over the year ended in June compared to the previous period's 2.2%.
Read more »
Japanese Yen Sentiment Analysis – USD/JPY, GBP/JPY, EUR/JPY LatestJapanese Yen trader data shows some sizeable shifts in Yen positioning against USD, GBP, and EUR.
Read more »
Asia FX weakens as yen volatility spurs caution; dollar dented by soft CPIAsia FX weakens as yen volatility spurs caution; dollar dented by soft CPI
Read more »