The yen has resumed its downtrend and is currently trying to breach its multi-year lows against the euro and pound, as the capital exodus from Japan continues unabated.
June 27,2023
The Japanese Yen is close to the biggest fallers on the market for a second year running and while forecasters say an eventual shift in Bank of Japan (BpJ) interest rate policy should ultimately lead to a recovery, the Bank of England's (BoE) ongoing experience with inflation suggests that the opposite could easily become true.
June 20,2023
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
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