JPYUSD JPY/USD
- 0.006327
- +0.000002+0.02%
JPY/USD News
USD/JPY Price Analysis: Steadies as Asian Session Begins, Above 158.00
The USD/JPY remains flat as Thursday’s Asian session begins, yet it printed minuscule gains of 0.15% on Wednesday.
Dollar Index to Trade in Range – OCBC
USD traded modestly softer as US retail sales disappointed. Fed speakers are hesitant to define the date for the next rate cut, OCBC FX Strategist Christopher Wong notes.
USD/JPY Hovers Near 158.00 With Focus on Japan's National CPI
The USD/JPY pair trades close to seven-week high near 158.00 in Wednesday’s European session.
Ueda Appears More Confident About Prices, Ex-BOJ Director Says
Bank of Japan Governor Kazuo Ueda is apparently becoming more confident on the outlook for inflation based on his recent comments, according to a former BOJ executive director who finished her term last month.
Japan's FinMin Urges Government to Issue Shorter Term Debt to Reduct Interest-rate Risk
Having reviewed a draft proposal, Reuters reported that the Japanese Finance Ministry panel is likely to urge the government to issue shorter-duration debt to reduce interest-rate risk.
Minutes of the Bank of Japan's April meeting: Discussing the acceleration of policy normalization and implying a possible rate hike in July.
Minutes of the meeting show that the board of directors of the Bank of Japan discussed the possibility of accelerating the pace of policy normalization, as the impact of the weak yen on inflation may require a response from the central bank.
Japan's Trade Deficit Widens in April as Imports Offset Export Growth
Japan's trade deficit narrowed to 1.221 trillion yen in May from 1.382 trillion yen a year earlier after a double-digit year-over-year export growth was offset by the increased value of imports amid a
BOJ's Minutes Show Debate on Rate Hikes With Close Eyes on Yen
Bank of Japan board members discussed the possibility of pursuing a faster pace of policy normalization amid ongoing risks that the weak yen’s effect on inflation might force a response by the bank, according to minutes from the April policy meeting.
USD/JPY Flat Lines Below 158.00, Bulls Turn Cautious Amid Subdued USD Price Action
The USD/JPY pair is seen oscillating in a narrow band during the Asian session on Wednesday and currently trading just below the 158.00 round-figure mark.
BoJ Minutes: There Is Some Concern About Weak Japanese Yen on Inflation and Wages
The Bank of Japan (BoJ) board members shared their views on monetary policy outlook on Wednesday, per the BoJ Minutes of the April meeting.
Federal Reserve officials emphasize the need for more evidence of cooling inflation and remain cautious about the timing of a rate cut.
Zhixun Finance and Economics app learned that on Tuesday, Federal Reserve officials unanimously emphasized the need for more evidence of inflation cooling before interest rate cuts. Several officials also provided insight into the timing of interest rate cuts. Adriana Kugler, a member of the Federal Reserve Board of Directors, said that if the economic situation develops as she expects, it may be appropriate for the Federal Reserve to cut interest rates "later this year." Alberto Musalem, President of the St. Louis Federal Reserve, stated in his first important policy speech that it may take "several quarters" of economic data to support a rate cut. New York Federal Reserve President Williams (Joh
Expected to increase by 27%: the Congressional Budget Office estimates that the US government's budget deficit will be nearly $2 trillion this year.
The Congressional Budget Office (CBO) estimates that within the decade leading up to 2034, the annual deficit will be equal to or exceed 5.5% of GDP, the first time it has remained at a high ratio for over five years since 1930. The CBO expects the Federal Reserve's interest rate cut to be postponed from mid-year to the first quarter of next year.
Fed Members Cool On Raising Interest Rates: 'These Conditions Could Take Months, And More Likely Quarters To Play Out'
Members of the Federal Reserve have indicated that they are in no rush to raise interest rates in speeches given on Tuesday.
Top US economists warn that the Federal Reserve is playing with fire by not lowering interest rates, and it could push the economy into a recession.
According to the Zhitong Finance APP, Claudia Sahm, a former Federal Reserve employee and economist, pointed out that if the Fed does not cut interest rates now, it may risk pushing the economy into a recession. When the three-month average unemployment rate is half a percentage point higher than its 12-month low, the economy is in recession. As the unemployment level has risen in recent months, the so-called 'Sahm rule' has increasingly been discussed on Wall Street, indicating cracks in the originally strong labor market and suggesting potential trouble. This in turn has sparked speculation about when the Fed will begin cutting interest rates. (The Sahm rule is Claudi)
USD/JPY Price Analysis: Advances Steadily yet Consolidates Below 158.00
The USD/JPY edges higher for the fourth straight day and registers modest gains of 0.08% after hitting a daily high above 158.00. Fears that Japanese authorities could intervene in the FX space keep the pair within familiar levels, trading at 157.85 at the time of writing.
CBO Raises U.S. Budget-deficit Forecast to Close to $2 Trillion
The numbers: The U.S. budget deficit is projected to hit $1.92 trillion this year, up from $1.69 trillion in 2023, according to updated projections from the Congressional Budget Office released Tuesday.
Fed's Goolsbee: Recent Inflation Data Was Excellent, Hopes to See More
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted on Tuesday that recent inflation figures have been very positive, and Fed officials hope to see further easing in the future.
Fed's Musalem: I Would Support Additional Tightening If Inflation Becomes Stuck Above 2%
Federal Reserve (Fed) Bank of St. Louis President Alberto Musalem noted on Tuesday that inflation progress may be a longer, slower process than many market participants currently hope. St. Lousi Fed President noted specifically that the labor market remains particularly tight, and that it could take entire months or quarters before policies drag inflation back to convicing Fed target levels.
Fed's Logan Advocated for Further Patience on Policy
Lorie Logan, President of the Reserve Bank of Dallas reiterated that inflation remains too high, although tremendoous progress has been made.
Fed's Kugler: Inflation Progress to Remain Gradual, Watching for Signs of Labor Deterioration
Federal Reserve (Fed) Board of Governors member Adriana Kugler delivered a speech at the Peterson Institute for International Economics on Tuesday, noting that while inflation remains too high, recent inflation data has been encouraging.