JPY drops to weakest since July 2024 – ING
The Japanese Yen (JPY) fell 0.5% to 158.91 per US Dollar (USD), hitting its weakest level since July 2024, as speculation of a snap election under PM Takaichi triggered renewed selling, ING's FX analyst Francesco Pesole notes.
US-Japan yield gap and outflows pressure yen
"The yen fell 0.5% to 158.91 per dollar, its weakest since July 2024, as speculation that Japanese PM Sanae Takaichi may call a snap election triggered renewed selling. The move surpassed January’s low of 158.87 and intensified concerns over potential intervention, with Japanese officials warning against excessive and speculative FX moves."
"Persistent US-Japan yield gaps, negative real rates, and capital outflows continue to weigh on the currency, with a potential slide above 160 USD/JPY. Intervention risk remains in focus after past actions when volatility spiked."
Related Articles
Bank Earnings Lead 2026 Market Charge, but Wall Street Eyes Guidance as Key
Wall Street analysts noted that compared to this quarter’s results, the upcoming earnings guidance and the confirmation of signals for further recovery in the capital markets are of greater importance.
TradingKey Previous Week’s Market Review & Analysis
U.S. equities rallied, led by Dow up 2.3%. Modest job growth, falling unemployment, and strong wage growth supported sentiment. Energy, utilities, industrials, materials, and small-caps (Russell 2000 +4.6%) outperformed. Fed minutes showed differing views on rates. Investors eye CPI data for inflati
Gold and Silver Hit New Highs, Who Is Driving? Geopolitical Conflict and Rate Cut Expectations as Dual Drivers
TradingKey - Driven by escalating global geopolitical tensions, a weakening U.S. dollar, and rising market expectations for future interest rate cuts, gold and silver have surged recently, with both hitting record highs.
Cardano Price Prediction: When Will ADA Price Rise and Can It Reach $10 by 2030?
In early 2026, Cardano rebounded from its lows, with ADA trading at approximately $0.41, a gain of over 24% in seven days. Short-term resistance levels for ADA are set at $1 and $1.3, with any breakout contingent on ecosystem growth, macroeconomic factors, and Bitcoin's performance. Reaching $10 wit
CoreWeave Stock Price Prediction 2026: Will CRWV Stock Surpass Wall Street Targets?
TradingKey - CoreWeave (CRWV) is a company focusing on AI infrastructure and generative AI. In 2025, the company transitioned from a specialized service provider to a basic utility for the growing global AI economy. As 2026 arrived, CoreWeave shifted its focus to backlog execution and optimizing a c
