Yen Slides as Nikkei Hits Record, US–China Extend Truce

Japanese Yen rebounds broadly today, likely driven by traders taking profits on short positions after a significant week of sell-off following BoJ’s rate hike. This stabilization comes amidst speculations stirred by Japan’s latest inflation data, raising the prospect of a second hike by BoJ in the second half of the year. Nevertheless, such predictions seem […]

The past week in the financial markets was a blend of the anticipated and the unforeseen, creating a cloud of indecision among traders. Central bank decisions by ECB, BoC, and BoJ unfolded largely as anticipated. But BoJ’s slightly hawkish communication provided a temporary lift to Yen. Despite ECB President’s cautious stance, traders continued to bet […]

USD/JPY attempt to break through the critical 160 level was unsuccessful for, as Yen recovered during a relatively quiet European session today. Although Yen surged briefly, there was no sustained selloff below the 159 mark against the greenback. The scale of the movement makes it challenging to determine if Japan intervened in the market. This […]