Tag Archives: Yen
yen
Dollar Strengthens on Solid U.S. Job Data
The U.S. dollar climbed to a one-month high against the yen, supported by robust job numbers, while the yen weakened after Japan signalled no urgency for rate hikes. Meanwhile, the euro remains under pressure amid geopolitical tensions and expectations of an ECB rate cut. -vtmarkets.com
Nikkei Rebounds on Softer Yen after Sharp Sell-off
Japanese stock market index Nikkei (Symbol: Nikkei225) bounced back, rising by more than 1% in early Tuesday trading after a steep decline in the previous session. -vtmarkets.com
Dollar Declines as China Introduces Stimulus Measures
The yen made a strong move last Friday after Shigeru Ishiba, a critic of aggressive monetary easing, won the leadership of Japan’s ruling party. The yen pushed to a one-week high of 141.75 against the dollar in the Asia session on Monday. -vtmarkets.com
USDJPY Stalls Near Key Resistance Ahead of Tokyo Fiscal Half-End
USDJPY pulls back on narrowing US-Japan interest rate differentials. With the fiscal half-end of Tokyo approaching, volatility is expected. Insights into support and resistance levels for traders. -vtmarkets.com
Japan’s Nikkei posts best week since mid-August, but yen strength caps gains
The Nikkei index surged by as much as 2.21% during early trading on Friday before paring gains later in the day, closing 1.53% higher at 37,723.91. This marks its best weekly performance in over a month, with a weekly rise of 1.57%. -vtmarkets.com
Dollar continues downward trajectory as markets eye Fed rate cut
As the dollar remains near its lowest levels this year, markets are poised for a potential U.S. Federal Reserve rate cut that could shift currency movements across the board. Traders are pricing in either a 25 or 50 basis point cut, leading to speculation about its impact on major currencies like the yen, euro, and sterling. -vtmarkets.com
Dollar-yen pair under scrutiny as traders eye central bank moves
Tokyo’s markets reopened on Tuesday after a long weekend, but traders appeared hesitant to push the yen back toward the strong 140 per dollar mark. Earlier, low liquidity had driven the yen briefly beyond this level. -vtmarkets.com
Dollar weakens against yen as Fed rate cut looms
The dollar weakened further on Monday, reaching 139.58 yen as investors grew increasingly confident that the Federal Reserve might implement a larger-than-expected rate cut later this week. This recent dip marks a continuation of the dollar’s retreat from 140.285 yen, a level last seen in December 2022. -vtmarkets.com
Australian and New Zealand dollars hold ground as risk sentiment stabilises
The Australian and New Zealand dollars saw a lift on Thursday, as a rebound in global stock markets and the anticipation of a European Central Bank (ECB) rate cut helped stabilise risk sentiment. -vtmarkets.com
Yen nears a 5-week high as traders focus on the U.S. presidential debate and inflation report
The yen held close to a five-week high on Wednesday, with USD/JPY at 142.18. The dollar was down 0.2% in early trading, and traders are now focused on upcoming U.S. inflation data and the first U.S. presidential debate between Kamala Harris and Donald Trump. -vtmarkets.com
