The Yen surged across the board after the Bank of Japan (BoJ) unexpectedly increased the upper limit for the 10-year government bond yield in a surprise decision that is potentially a game changer for the Japanese currency and one that could push GBP/JPY below 158 promptly.
December 20,2022
The Japanese Yen was the market's heaviest faller during the big U.S. Dollar rally of this year but it has performed better in recent weeks and would be likely to benefit from a material rally if nascent speculation about a possible shift in Bank of Japan (BoJ) monetary policy next year proves to be well founded.
December 9,2022
The Yen led other currencies higher in the final session of the week with a continued rally against a retreating Dollar in which the Japanese currency pushed Sterling near to its November low amid declines in U.S. bond yields and emerging speculation about a possible change in Bank of Japan (BoJ) policy.
December 2,2022
The Japanese Yen has been the clearest beneficiary of November's Dollar sell-off after notching up gains over all other major currencies but it could rise further up ahead and especially against Sterling, according to analysts at MUFG, who've suggested clients bet against GBP/JPY and look for a fall to 158.
November 16,2022
The Japanese Yen was an underperformer among major currencies ahead of the weekend and the in the process helped to keep GBP/JPY buoyant near six year highs reached earlier in October, although some forecasters suggest that Sterling will unable to sustain itself near current levels for long.
October 28,2022
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