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JPY news from all over the world Japan Yen news and articles from around the globe. Get the latest news and information about the Japanese Yen and its role in the global economy. Learn about the Japanese Yen's history, current exchange rates, and its importance in the world financial markets. Find out how the Japanese Yen is impacting the world economy and how it affects businesses, investors, and governments. Read analysis and reports from experts on the Japanese Yen and its various impacts.
Euro is under some selling pressure today after poor investor confidence data, but other European majors are not too far away. Dollar is overtaking commodity currencies as the strongest one as the late rally from last week continued. Aussie is staying in tight range against Loonie and Kiwi, awaiting tomorrow's RBA rate decision. Meanwhile, Yen is mixed as near term consolidation is still extending.
Australian Dollar surges broadly after surprised RBA rate hike. Tightening bias is also maintained, so more hike(s) could still be in the pipeline. The move in Aussie is taking other commodity currencies higher. Now, a focus will be on whether BoC would follow and surprises the markets too. At the other end of the spectrum, Dollar is sold off broadly today. Yen is following as the second worst and then Euro. Swiss Franc and Sterling are mixed.
Euro plummets broadly in today's market after a CB survey revealed significant drop in consumer inflation expectations. Sterling and Swiss Franc also recorded a generalized weakness. On the other hand, Australian Dollar held its ground as the day's strongest currency, buoyed by an unexpected interest rate hike by RBA. The Canadian Dollar followed closely, though traders remain vigilant for any surprises from BoC due tomorrow. Amidst these developments, Dollar is making modest gains, aided by a rally in treasury yields, while Japanese Yen showed slight weakness.