Yen Hits 34-Year Low Against US Dollar
The Japanese yen has been experiencing a significant decline against the US dollar, reaching a new 34-year low.
Read MoreThe Japanese yen has been experiencing a significant decline against the US dollar, reaching a new 34-year low.
Read MoreTraders adjust their positions in anticipation of speeches by key Federal Reserve (Fed) officials, including Fed Chair Jerome Powell.
Read MoreThe USD/JPY pair, which recently touched a high near 151.70, has retraced and is now hovering just above the 150.00 psychological level, down by over 0.50% for the day.
Read MoreDuring Wednesday's Asian trading, USD/JPY retreated from its peak, following the Bank of Japan's (BoJ) policy shift on its 10-year bond yield cap.
Read MoreIn today's important Bank of Japan (BoJ) interest rate meeting, the central bank decided to maintain the current interest rate, which was in line with expectations (policy rate: -0.10%).
Read MoreThe USD/JPY pair has surged back to the 150.00 mark, following a statement by Bank of Japan (BoJ) Governor Kazuo Ueda, who conveyed a dovish outlook on monetary policy.
Read MoreThat said, the divergence in monetary policy between the United States and Japan is putting downward pressure on the Japanese Yen (JPY) relative to the US dollar (USD).
Read MoreUS data on Thursday shows an unexpected rise in America’s GDP to 4.9% in Q3 on an annualized basis, solidly beating consensus estimates of 4.2%.
Read More10-year Japanese government bond yield reached a fresh 10-year high ahead of a central bank meeting next week, pushing the yen past 150 per dollar and raising the risk of intervention from authorities in Tokyo.
Read MoreLOADING...