This Week: JPY depreciates. BoJ and Fed rate decisions could trigger rebound
JPY was the worst-performing G10 currency against the US dollar, despite Japan’s largest labour union securing a historic wage hike. Upcoming BoJ and Fed rate decisions, along with Japan’s inflation data, may drive significant USDJPY movement.
This Week: Will USDJPY hit new 5-month high above 158?
Bloomberg's FX model predicts a near-75% chance that USDJPY will trade between 154.41 and 158.17. If Japan's data dump coming Friday sends USDJPY shooting upwards, Japanese authorities may feel compelled to quell further sudden bursts of JPY weakness, as they did last Friday (Dec. 20th).
Brent and USDJPY are under pressure ahead of US CPI release
Brent have shown a slight recovery today amid supply disruption fears and declining US inventories. Meanwhile, the USDJPY currency pair remains under pressure due to contrasting monetary policies between Japan and the US.
JPY was the worst-performing G10 currency against the US dollar, despite Japan’s largest labour union securing a historic wage hike. Upcoming BoJ an...
Bloomberg's FX model predicts a near-75% chance that USDJPY will trade between 154.41 and 158.17. If Japan's data dump coming Friday sends USDJPY shoo...
key events this week
Bank of Japan
Japanese Yen
USDJPY
inflation
Brent have shown a slight recovery today amid supply disruption fears and declining US inventories. Meanwhile, the USDJPY currency pair remains under ...
USDJPY (daily) may see an injection of notable volatility as two key events coincide over the next 32hours....
Japanese Yen
USDJPY
Jackson Hole
BoJ
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