The Dollar-Yen exchange rate is coiling within a symmetrical triangle pattern but a breakout may be imminent says Mathew Weller, Global Head of Research for FOREX.com and City Index.
June 12,2023
The Pound to Yen exchange rate climbed to its highest level since before the Brexit referendum in the opening week of June but new data revealing a strengthening Japanese economic recovery could pose a significant risk to Sterling if it leads the Bank of Japan (BoJ) to favour a hawkish shift in its monetary policy next week.
June 8,2023
Julius Baer's Head of Technical Analysis, Mensur Pocinci, suggests that the USD/JPY currency pair is poised for a potential medium-term recovery after a period of volatile consolidation since January.
May 17,2023
The Japanese yen has taken heavy damage lately, hitting a fresh 15-year low against the euro this week.
May 2,2023
The Pound to Japanese Yen exchange rate reached new highs for the year in the final session of the week to place it within arm's reach of 2022 highs after the Bank of Japan (BoJ) indicated that it could be some time before conditions are right for it to consider a change in monetary policy.
April 28,2023
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