USD/JPY trades around 151.20 during the Asian session on Wednesday, pulling back from the yearly high marked after the Bank of Japan (BoJ) removed the 1% ceiling for the 10-year government bond yield on Tuesday.
USD/JPY strengthened as the BoJ scrapped the 1% ceiling for the 10-year government bond yield. BoJ Governor Ueda expressed fear about inflation not reaching long-term targets. Japan's Chief Cabinet Secretary Matsuno engaged in some verbal intervention to bolster the yen. Following the adjustment to the yield curve control , BoJ Governor Kazuo Ueda adopted a notably dovish stance. He expressed apprehensions about inflation not definitively reaching the BoJ's long-term targets.
70 at the time of writing. Additionally, the market anticipates the imminent policy decision from the US Federal Reserve , pointing toward the central bank maintaining its current monetary policy stance in the Wednesday meeting. Investors will closely watch the Federal Open Market Committee's post-meeting communication, eager for insights that could help gauge the potential path of interest rates.
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.
USD/JPY IG Client Sentiment: Our data shows traders are now at their least net-long USD/JPY since Oct 03 when USD/JPY traded near 149.10.Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bullish contrarian trading bias.
Read more »
USD/JPY pinned into the high end near 151.80 after dobish BoJ leaves Yen to flounderThe USD/JPY is inches away from setting a new three-decade high as the pair trades into 151.
Read more »
USD/JPY recovers above 150.00 on BoJ Ueda’s dovish guidance, Fed policy eyedThe USD/JPY pair reclaims 150.00 as the Bank of Japan (BoJ) Governor Kazuo Ueda delivers dovish guidance on monetary policy.
Read more »
USD/JPY should continue to trend higher in the coming weeksUSD/JPY moved back above 150 after the Bank of Japan (BoJ) Monetary Policy Statement.
Read more »
USD/JPY finds support above the 149.00 mark ahead of BoJ rate decisionThe USD/JPY pair finds support above the 149.00 mark during early Asian trading hours on Tuesday.
Read more »
USD/JPY holds above the mid-149.00s ahead of BoJ, Fed rate decisionThe USD/JPY pair hovers around 149.65 after retracing from the monthly highs of 150.77 during the Asian session on Monday. Traders prefer to wait on t
Read more »