Japanese Yen Outlook: USD/JPY Extends Upside after Dovish BoJ Decision
The Japanese yen weakened against the U.S. dollar after the Bank of Japan retained an ultra-dovish stance, with USD/JPY hitting fresh multi-month highs above 141.50.
The Japanese yen weakened against the U.S. dollar after the Bank of Japan retained an ultra-dovish stance, with USD/JPY hitting fresh multi-month highs above 141.50.
EUR/USD has perhaps unsurprisingly found it hard to make further gains after what’s already been a bullish week
GBP/USD has put in a strong performance as markets downplay the Fed’s hawkish warnings. In contrast, Sterling is likely to remain supported into the CPI and BoE events
Outlook on FTSE 100, DAX 40 and S&P 500 as Fed and ECB stick to hawkish stance
JPY fell slightly against USD after BOJ maintained ultra-loose policy settings, especially the closely watched yield curve control (YCC) policy. What’s next for USD/JPY?
The softer US economic calendar overnight prompted market participants to source for clues on the Fed’s policy path from the US weekly jobless claims.