159.405
Today
+0.14%
5 Days
-0.11%
1 Month
-2.69%
6 Months
+1.98%
Year to Date
+1.73%
1 Year
+7.88%
Opening Price
159.191Previous Closing Price
159.184The Japanese Yen (JPY) gives up its earlier gains against the US Dollar (USD) on Wednesday as traders react to the latest United States (US) inflation data. At the time of writing, USD/JPY trades around 159.41, recovering from an intraday low of 158.88.
Rabobank's Senior FX Strategist Jane Foley reviews Japan’s FX intervention and its impact on USD/JPY.
The Japanese Yen (JPY) ticks higher against the US Dollar (USD) on Wednesday but keeps looking for direction, as investors bide their time, awaiting an array of key US macroeconomic releases due later on the day.
MUFG’s Derek Halpenny notes the Japanese Yen is firmer versus most G10 currencies as markets increasingly price a Bank of Japan rate hike in September.
United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann describe USD/JPY as remaining in a range-trading phase. For the 24-hour view they see the Dollar fluctuating between 158.95 and 159.50 after recent narrow ranges and little-changed closes.
The Japanese Yen (JPY) trades higher against the US Dollar (USD) on Wednesday, with USD/JPY dropping 0.1% to near 159.00. The Asia-Pacific currency gains amid firm expectations that the Bank of Japan (BoJ) will hike policy rates by 25 basis points (bps) to 1.25% in the September meeting.
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The downside prevails as long as 159.43 is resistance, with 158.59 and 158.39 as targets
above 159.43, look for 159.76 and 159.97.
The downside prevails as long as 159.43 is resistance, with 158.59 and 158.39 as targets
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