Tag Archives: Yen

Key points:  This article is a follow-up to: JPY plummets with silence on rate hike timeline from the BoJ  The Japanese yen remained near a 38-year low against the US dollar, trading just below 160.88, its weakest level since 1986. The decline of the Japanese yen, about 12% for the year, highlights the widening interestContinue Reading

Key points: The Australian dollar experienced gains this week, buoyed by contrasting interest rate outlooks across major economies. As the Swiss National Bank and the Bank of England leaned towards more dovish policies, the Australian market showed resilience, hinting at a possible rate hike. This divergence has pushed the Australian dollar to impressive heights, reflectingContinue Reading

Key points: The British pound held broadly steady on Thursday as the market awaited the Bank of England’s (BoE) rate decision. The dollar, meanwhile, faced mixed movements against major currencies as it awaited fresh market catalysts. The pound traded at $1.2719, having eked out a slight gain in the previous session. The euro rose 0.03%Continue Reading

Key points:  This article is a follow-up to: Yen cautious before BOJ meeting  The USD/JPY pair saw a sharp increase following the decision from the Bank of Japan (BoJ) to keep its interest rates unchanged. This decision led to the Japanese yen plummeting against the US dollar, with the greenback gaining approximately 1%, moving fromContinue Reading

Key points: On Friday, the yen was on the defensive as traders awaited the Bank of Japan’s policy decision, while the euro was headed for a weekly loss due to political turmoil in France. The dollar gained strength against both currencies, buoyed by safe-haven bids and eurozone political uncertainties. Yen anticipates BOJ decision Picture: JapaneseContinue Reading

Key points: Japan’s Nikkei index reversed its early gains on Thursday, ending the morning session down 0.12% to 38,831.36. This shift occurred ahead of the Bank of Japan’s (BOJ) policy decision due on Friday. Earlier in the session, the Nikkei had risen nearly 1%, crossing the 39,000 mark, supported by gains in chip-related stocks. Picture:Continue Reading

Key Points:  The Japanese yen remained at over one-week lows around 157.2 per dollar, despite hotter-than-expected domestic producer inflation figures.   Picture: JPY losing strength against USD, as observed on the VT Markets app.  Data revealed that producer prices in Japan jumped 2.4% year-on-year in May 2024, accelerating from an upwardly revised 1.1% gain inContinue Reading

Key points: The Euro experienced a decline, reaching a one-month low, as French President Emmanuel Macron announced a snap legislative election, stirring political uncertainties. Concurrently, the dollar gained strength, buoyed by an unexpectedly strong U.S. jobs report last Friday, which tempered expectations for imminent rate cuts. Picture: The downside prevails for EUR/USD pairs. Download theContinue Reading

Key points:  Homeowners across Canada are breathing a sigh of relief following the decision from its central bank to cut interest rates for the first time in four years. Such a move by the Bank of Canada (BoC) provides much-needed relief for households holding variable-rate mortgages.  While a single 25-basis point cut may not significantlyContinue Reading

Key points: Japan’s Nikkei share average fell on Tuesday as profit-taking set in after Japanese equities rebounded close to the 39,000-point mark the previous day. The Nikkei declined 0.45% to 38,749.25, while the broader Topix was down 0.46% at 2785.22. Picture: Nikkei 225 seen trading at 38851.15 on the VT Markets app. Traders capture profitsContinue Reading