Haruhiko Kuroda — News Archive

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USD/JPY Rises As BoJ Signals Tightening to Enable Price Stability

The Japanese yen is extending its 2021 weakness on Tuesday as lackluster economic data weighed on the conventional safe-haven asset. The yen has been struggling this year, with investors struggling to maintain confidence in the country’s economic recovery and concerns over the nation’s increasing number of COVID-19 cases. Where is the yen heading?

USD/JPY Falls As BoJ Promises Monetary Policy Review Amid Recovery

The Japanese yen strengthened against its US counterpart to finish the trading week amid reports that the central bank is reconsidering loose monetary policy to spur economic growth. This comes as the Bank of Japan (BoJ) conceded that the world’s third-largest economy is recovering and returning to pre-pandemic levels.

Japanese Yen Falls on Monetary Policy Outlook, Tries to Recover

The Japanese yen fell intraday but reversed its movement afterward, managing to erase losses against a few of its rivals and trim them against others. The currency has been under pressure from the central bank’s loose monetary policy for a long time, and Japanese officials signaled today that it will not change anytime soon.

Yen Falls vs. Commodity Currencies, Holds Ground vs. Majors

The Japanese yen fell versus commodity currencies but managed to hold its ground against other most-traded currencies today. Markets remained under the impact of the positive coronavirus vaccine news, which limited demand for safer currencies, including the yen.

Japanese Yen Weakens As BoJ Warns of ‘Very High’ Uncertainty Amid COVID-19 Pandemic

The Japanese yen is under pressure in the middle of the trading week as the central bank warned that economic uncertainty remains “very high” because of the coronavirus pandemic. But the yen could find support on macroeconomic data suggesting the contraction in the world’s third-largest economy might have subsided. Could the traditional safe-haven asset continue its strong 2020 in the final quarter?

Japanese Yen Extends Winning Streak As BoJ Maintains Ultra-Loose Support

The Japanese yen is extending its winning streak against many of its most traded currency counterparts on Thursday. The yen found support in the central bank leaving interest rates in subzero territory and keeping its bond-buying program. In addition to the ultra-loose efforts of the Bank of Japan (BoJ), the institution plans to coordinate with new Prime Minister Yoshihide Suga on a wide range of policies.

Japanese Yen Flat Amid Slumping Household Spending, Yield-Curve Control

The Japanese yen is trading relatively flat against many of its major currency counterparts on Tuesday. The yen has been struggling to find direction so far this week as household spending data disappointed and investors try to weigh the central bank’s decision to embark upon a policy of yield-curve control. Although Japan was able to flatten the coronavirus curve, it has reported a renewed uptick in confirmed cases. Will the world’s third-largest […]

Yen Soft on Market Sentiment, Domestic Data, Economic Outlook

The Japanese yen fell against almost all of its most-traded rivals, though not against the US dollar, as the market sentiment was favorable to riskier currencies, not safer ones. Negative domestic macroeconomic data and the gloomy outlook from the Japanese central bank did not help the currency either.

Japanese Yen Strengthens on BoJ’s ‘Whatever We Can’ Approach to Rescue Economy

The Japanese yen is strengthening against its G10 currency counterparts midweek, driven by the central bank’s signal that it would impose additional monetary stimulus to save the world’s third-largest economy. Investors were also bullish on new data showing banks are increasing their lending programs. With Tokyo planning to top up its $1 trillion stimulus efforts, could Japan avoid a financial crisis in the aftermath of the coronavirus?

Japanese Yen Holds Steady As Abe Extends State of Emergency

The Japanese yen is holding steady against its most traded currency rivals to start the week. After disappointing economic data and expanded monetary stimulus announcements last week, the yen is being largely driven by the government’s decision to extend the state of emergency for the rest of May. While Tokyo is bracing for a severe downturn, the tsunami of coronavirus cases has yet to occur.

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