The yen changed hands around 163.7 per dollar on Tuesday, lingering near its weakest level in four decades after hitting a fresh 40-year low of 163.99 in the prior session. The pair has been consolidating in a tight band beneath 164.00, with the hourly chart showing a pullback from resistance at 163.900 to 164.000 and … Read more
USD/JPY is currently positioned around 159.50 to 159.79 this Wednesday afternoon, reflecting an increase of 0.46% for the session. The Federal Reserve has just validated what the markets had anticipated with a 99% probability: rates will stay steady at 3.5%-to-3.75%. The Interest Rate Projections for the current year were adjusted to 3.4% from 3.6%, while … Read more
The recent decision by the Federal Reserve to maintain the target range at 3.50%–3.75% following a 10–2 vote positions US monetary policy distinctly above Japan’s near-zero rates, resulting in an immediate strengthening of the US Dollar and a firmer USD/JPY exchange rate. Two governors advocated for a 25 bp reduction, yet the majority highlighted “solid” … Read more
