USD/JPY is back below the 150.00 level. Nonetheless, economists at MUFG Bank expect the pair to rise further.
Yen sellers will remain reassured until the next BoJ policy meeting in December Rising US interest rates continue to put upward pressure on the USD/JPY.
Concerns about currency intervention by the Japanese authorities have kept the USD/JPY from becoming entrenched at the psychologically significant 150 mark, but this level looks likely to be reached following the closely watched BoJ monetary policy meeting. The BoJ revised its interest rate control policy again, essentially dismantling YCC. We see this as a stepping stone toward policy normalization, but BoJ failed to covey its true intentions to the foreign exchange market.
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.
US Dollar Forecast: EUR/USD, GBP/USD and AUD/USD Break Out, USD/JPY MutedIn this article, we analyze EUR/USD, USD/JPY, GBP/USD and AUD/USD from a technical standpoint, highlighting crucial price levels that may act as support or resistance in the upcoming week.
Read more »
USD/JPY trades with a mild positive bias above mid-149.00s, lacks follow-throughThe USD/JPY pair attracts some dip-buying on the first day of a new week and for now, seems to have stalled a three-day-old corrective decline from the 151.
Read more »
USD/JPY now faces some consolidationUOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia note USD/JPY could now navigate within the 148.
Read more »
How and why to turn your electric car into a mobile power plantGet in-depth info on the 2024 Ford F-150 Lightning including prices, specs, reviews, options, safety and reliability ratings.
Read more »