The Japanese Yen was an outperformer ahead of the weekend and has continued to build a growing fan club of bullish followers in recent trade but with a possibly-hawkish Federal Reserve (Fed) interest rate decision just around the corner, the currency may be at risk of a setback next week.
January 27,2023
The Japanese Yen scraped the bottom of the major currency barrel this week and has been tipped for further modest losses into month-end after local inflation ticked higher and the Bank of Japan (BoJ) remained resolute in its view that further policy changes are unlikely to be necessary.
January 20,2023
The Japanese Yen was sold heavily in mid-week trade while Sterling was bought selectively, helping GBP/JPY to outpace USD/JPY in a climb to the upside after the Bank of Japan (BoJ) spurned a speculative market with a decision to leave its monetary policy unchanged for January.
January 18,2023
The Japanese Yen has risen against most major currencies so far in the New Year but its latest rally divides opinion and has led some analysts to tip USD/JPY as a buy while prompting others to advocate selling GBP/JPY.
January 13,2023
The Yen has surged with significantly increased trading in Japanese exchange rates amid speculation about a possible change in the longstanding Bank of Japan (BoJ) monetary policy stance but analyst views on the outlook for the currency are far uniform and some are still willing to bet against it.
December 21,2022
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