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The Japanese Yen has been the clearest beneficiary of November's Dollar sell-off after notching up gains over all other major currencies but it could rise further up ahead and especially against Sterling, according to analysts at MUFG, who've suggested clients bet against GBP/JPY and look for a fall to 158.
November 16,2022
The Japanese Yen was an underperformer among major currencies ahead of the weekend and the in the process helped to keep GBP/JPY buoyant near six year highs reached earlier in October, although some forecasters suggest that Sterling will unable to sustain itself near current levels for long.
October 28,2022
Japanese Yen trading volumes have surged and remained high since the government of Japan and Bank of Japan (BoJ) were reported to have intervened directly in order to rescue the Yen from a one-way market that had pushed the currency to its lowest against the Dollar since 1990.
October 26,2022
The Japanese Yen rallied sharply against all currencies on Thursday following reports suggesting the government in Tokyo had intervened in the foreign exchange market in order to stem declines in a currency that has been under siege from speculative sellers through much of the year.
September 22,2022
The Japanese Yen fell to another new millenium low on Thursday after the Bank of Japan (BoJ) elected to continue with a longstanding set of monetary policies and as the Dollar strengthened following September's interest rate decision and forecast update from the Federal Reserve (Fed).
September 22,2022
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