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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
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
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