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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.
Swaps markets suggest a 41% chance of the Bank of Japan hiking rates by 15 basis points by the conclusion of its July 31 policy meeting, indicating plenty of caution. And only 30% of BOJ watchers surveyed by Bloomberg forecast a hike, even if more than 90% see it as a risk.
The Japanese yen has hit the brakes on this week’s impressive rally. USD/JPY is trading at 154.34 in the European session, up 0.30% on the day. On Thursday, the yen climbed as much as 1.3% but gave up all of those gains after the strong US GDP report. Still, the yen is up 1.9% this week.
The forex markets have calmed down considerably in Asian session after a week of significant wild ride. Despite the pause, the risk-averse sentiment persists. Yen, which has led the charge this week, is starting to take a breather. It remains the runaway leader, followed by Swiss Franc and then Dollar. Meanwhile, New Zealand Dollar has overtaken Australian Dollar as the worst performer, with Canadian Dollar trailing as a distant third. Euro and Sterling are trading in the middle of the pack, with Euro showing a slight edge.
MSCI's broadest index of Asia-Pacific shares was just 0.06% lower on Friday, following a 1.88% drop the previous day The yen stabilized near a 12-week high against the dollar on Friday while Asia-Pacific equity markets were steady, a day after their worst session since mid-April. MSCI's broadest index of Asia-Pacific shares was just 0.06% lower