Will Fed/BOJ Divergence Drive Fresh USDJPY Selling?
JPY Back On WatchThe Japanese Yen has fallen out of the spotlight in recent weeks following the seismic shift we saw in JPY FX rates across the start of August. JPY strengthened sharply on the back of...
BOJ Intervention Seen In USDJPY Plunge
USD Selling Pauses…For NowThe US Dollar is attempting to stabilise today on the back of heavy selling over recent days. In the aftermath of last week’s softer-than-forecast US inflation data, USD has...
USDJPY Collapses On Soft US Inflation
US Inflation Drops AgainThe Japanese Yen was the big winner from yesterday’s weaker-than-forecast US inflation reading for June. USDJPY plunged more than 4.5% on the day (around 430 pips) as US CPI...
Yen Weak Despite Hawkish BOJ Chatter
BOJ Market ChatterExpectations of forthcoming tightening from the Bank of Japan have ratcheted higher this week. Reuters is running an article citing BOJ sources’ suggesting that the bank could go for...
US Inflation Data Key For JPY Intervention
USDJPY Breaks Fresh HighsThe US Dollar continues to push higher as traders await key inflation data tomorrow. Yesterday, USDJPY broke out to its highest level since 1986, moving above the level at...
Big USDJPY Volatility Risks Seen
Intervention Risks GrowingThe threat of fresh FX intervention from Japanese authorities is growing stronger this week. USDJPY has traded back up to just shy of the level that sparked intervention back...
Reversal Risks Loom As USDJPY Tests Highs
Dollar Holds Firm Against YenUSDJPY remains worryingly close to highs on the back of the recent BOJ and FOMC meetings. A more hawkish tone from the Fed has seen the Dollar well supported on the back...
Intervention Risks Grow As BOJ Fails to Drive Yen Rally
USD Rallies Post-BOJUSDJPY was seen rallying to its highest level since the April FX intervention place on the back of the BOJ meeting overnight. As expected, the bank held headline policy in place...
All Eyes on BOJ As USDJPY Holds Firm
USDJPY Holds Near HighsDespite a brief dip lower yesterday, as traders digested the details of the latest US inflation data and the FOMC meeting afterward, USDJPY has recovered today with the pair...
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