The USD/JPY saw declines in one of the worst-closing trading days since July, finishing Monday near 146.50 after opening the new trading week on the h
The BoJ could be on track to reverse negative rates, sending JPY back up the charts.saw declines in one of the worst-closing trading days since July, finishing Monday near 146.50 after opening the new trading week on the high side near 147.85. The Japanese Yen is seeing fresh bidding in the market on the back of bullish comments from the Bank of Japan , and the Greenback is sliding across the board as profit-taking from the recent bull run saps momentum for the US Dollar.
Markets seized upon the statements, sending the Yen to fresh highs across the board in anticipation of the beginning of a long-awaited rate hike cycle from the . On the US Dollar side, Greenback traders are taking a step back ahead of key US inflation figures due in the midweek. figures are due on Wednesday, with market forecasts calling for the headline CPI to print at 0.5% MoM, an uptick from the previous period’s 0.2%. Core CPI numbers are expected to hold steady at 0.2%, and deviations in inflation figures could see rapid changes in the market’s USD bias to close out the trading week.The Dollar-Yen pairing swooned below the 146.
A new rising trendline on daily candles will see dynamic support if current consolidation continues, and bulls will be looking for an upshot from US CPI data on Wednesday.Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY slides below mid-146.00s, multi-day low in wake to Ueda hawkish commentsThe buying interest around the Japanese Yen (JPY) remains unabated through the Asian session on Monday and drags the USD/JPY pair to a multi-day low,
Read more »
USD/JPY rebounds from 146.00 as impact of BoJ Ueda’s hawkish remark starts fadingThe USD/JPY pair discovers support near 146.00 after a vertical sell-off that was inspired by hawkish remarks from Bank of Japan (BoJ) Governor Kazuo
Read more »
USD/JPY sticks to intraday losses below 147.00, bears await break below 200-hour SMAThe USD/JPY pair opened with a big 85 pips bearish gap on the first day of a new week and remains depressed below the 147.00 mark through the first ha
Read more »
Forex Today: BoJ’s Ueda smashes USD/JPY, US Dollar suffersHere is what you need to know on Monday, September 11: Risk sentiment remains in a firmer spot early Monday, helped by a rally in the Chinese stocks a
Read more »
Deadline to file sexual abuse claims against Oakland Diocese is 5 pm MondaySurvivors can confidentially submit proof online at kccllc.net/rcbo.
Read more »