USD/JPY eased below 159.00 after hitting 159.45 overnight, prompting fresh warnings from Japanese Finance Minister Satsuki Katayama against speculative or excessive yen movements, BBH FX analysts report.
USD/JPY eased below 159.00 after hitting 159.45 overnight, prompting fresh warnings from Japanese Finance Minister Satsuki Katayama against speculative or excessive yen movements, BBH FX analysts report.
Snap election talk fuels currency volatility in Japan'USD/JPY slipped under 159.00 after hitting 159.45 overnight, its highest level since July 2024. Japanese Finance Minister Satsuki Katayama issued a fresh warning against excessive yen moves.' 'Katayama said “We won’t rule out any means and will respond appropriately to moves that are excessive, including those that are speculative…The kind of sudden moves we saw on Jan. 9 following a newspaper report of a snap election have nothing to do with fundamentals, and are deeply concerning.” Japan’s chief currency official Atsushi Mimura echoed Katayama’s comments.''Meanwhile, Japanese Prime Minister Sanae Takaichi is expected to dissolve the lower house of the legislature on January 23, paving the way for a snap election in February. Takaichi will give further details on Monday, according to Hirofumi Yoshimura, co-head of junior coalition partner Ishin.'
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 Price Forecast: 158.00 caps upside as the pair consolidates near January 2025 highsThe Japanese Yen (JPY) gains modest ground against the US Dollar (USD) at the start of the week as the Greenback comes under pressure across the board, following reports of a criminal probe involving Federal Reserve (Fed) Chair Jerome Powell that have unsettled market sentiment.
Read more »
JPY: Snap election talk lifts yields, weakens the yenSpeculation that Prime Minister Takaichi may call a snap election has pushed Japanese government bond yields higher and sent the yen weaker, driving USD/JPY back toward 159.
Read more »
USD/JPY revisits over-a-year high of 159.00 ahead of US CPI releaseThe USD/JPY pair revisits its one-and-a-half-year high of 159.00 during the European trading session on Tuesday.
Read more »
JPY hits lowest since July 2024 on snap election speculationThe Japanese Yen (JPY) fell 0.5% against the US Dollar (USD), underperforming all G10 currencies, as speculation over PM Takaichi’s snap election drove renewed selling and pushed USD/JPY toward levels last seen in early 2025, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Read more »
USD/JPY rises toward 159.00 as Dollar firms after US inflation dataThe Japanese Yen (JPY) weakens further against the US Dollar on Tuesday as the Greenback strengthens following the release of the latest US inflation report. USD/JPY trades around 159.00 at the time of writing, hovering near levels last seen in July 2024.
Read more »
USD/JPY eases below 159.00 as focus shifts to US Retail Sales, PPI dataThe Japanese Yen is trimming some losses on Wednesday as the US Dollar recovery falters.
Read more »