The Japanese Yen can strengthen over the course of the next three months as the Bank of Japan takes steps towards a complete abandonment of its policy to contain Japanese bond yields, according to a Swiss bank Julius Baer.
October 27,2023
USDJPY has breached the 150 'line in the sand' and invites risks of another Bank of Japan currency market intervention over the coming hours and days, although prominent strategists we follow are not ready to fade the moves.
October 26,2023
The Dollar to Yen exchange rate is unlikely to breach the 150 level thanks to a potential shift in policy at the Bank of Japan that will allow a critical bond yield to test levels above 1.0%, in turn providing offering support to the JPY.
October 18,2023
A sudden surge in the value of the Japanese Yen suggests the possibility that the Bank of Japan has intervened in the market to defend the currency which has been steadily falling in value against the Dollar.
October 3,2023
The Japanese Yen extended its run of losses as the broad U.S. Dollar hit its highest levels of the year, and further losses for the currency can be expected.
September 26,2023
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