USD/JPY rallied strongly midweek, gaining nearly 150 pips. Mathew Weller, Global Head of Research at FOREX.com says the next levels of resistance to watch are at 132.850 and 135.00 if the near-term rally extends.
March 29,2023
Rising confidence that authorities have done enough to stem a wider systemic crisis in the banking sector sparked a selloff in the safe-haven Japanese yen on Wednesday.
March 29,2023
The Japanese Yen was close to the bottom of the major currency bucket in the final session of the week but risks further losses and underperformance in the weeks ahead due to rising inflation and the resolutely loose monetary policy stance being maintained by the Bank of Japan (BoJ).
February 24,2023
The Japanese Yen rallied ahead of the weekend amid more speculation about who might lead the Bank of Japan (BoJ) from April but regardless of the candidate who is or isn't eventually chosen there are banana skins littering the path ahead, which could ultimately limit how far the currency is able to rally.
February 10,2023
A Japanese lending giant says the Yen is set to appreciate against the Pound and Dollar over the coming months as low and stable interest rates in Japan finally prove supportive.
January 31,2023
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