USDJPY USD/JPY
- 157.393
- +0.370+0.24%
USD/JPY News
New York Fed: Neutral interest rates stable at a low level in the first quarter.
Data released by the New York Fed on Friday showed that the neutral interest rate remained at a low level in the first quarter of this year.
Fed's Mester: Despite the improvement in data, inflation risks still tend to rise.
Cleveland Fed President Mester said that despite the pleasing latest inflation data, she still believes that inflation risks are tilted to the upside.
Chicago Fed President: May inflation data paves the way for interest rate cuts.
Zhifubao Finance learned that Chicago Fed Chairman Guo Ersi said on Friday that if future inflation data is as good as May's consumer price index, the Federal Reserve may consider lowering interest rates. He pointed out that a strong labor market means that the Fed can rely on inflation to drive interest rate cuts. Guo Ersi said in a fireside chat at the Iowa Farm Bureau Economic Summit, "This data is just for a month, but it's very good." According to data from the Bureau of Labor Statistics, the May consumer price index was almost flat, rising only 0.00575%, while the market expected a 0.1% increase.
The high inflation in the USA flabbergasts the whistle-blower who strongly criticizes the fiscal revenue system proposed by Trump as the mother of stagflation!
Former US Treasury Secretary and whistle-blower for US high inflation, Summers harshly criticized the fiscal revenue system proposed by former President Trump, saying on Friday that this is the mother of stagflation and will also trigger a global economic war. He warned that this could easily lead to mortgage loan interest rates reaching 10%.
Two Federal Reserve officials emphasized the hope to see several months of good inflation data before lowering interest rates.
Loretta Mester, president of the Cleveland Federal Reserve, said, "Recent data shows that inflation is softening, which is good news." She hopes to see several more months of good data before considering a rate cut. In an interview with CNBC on Friday, Mester said, "I would like to see several more months of relatively good inflation data, which means a decline in inflation rates and the beginning of a downward trend in short-term inflation expectations." Mester said, "I believe that inflation risks are on the rise, and the labor market is both upward and downward." She said, "We have made good progress in fighting inflation in the past two years, but inflation is still there."
USD/JPY Forecast – US Dollar Continues to Pressure Upside Against The Yen
Consumer confidence in the USA unexpectedly fell to a seven-month low, with a slight rebound in long-term inflation expectations.
According to analysis, the decline in consumer sentiment in the USA coincides with signs of a weak labor market. Although low-income households have seen significant wage growth, their budgets remain tight even with the slowdown in inflation, due to the high cost of goods. The views of middle-income consumers are similar to those of low-income consumers, which is different from historical patterns.
The USD index hit a new one-month high, while USD/JPY weakened after the Bank of Japan meeting in Japan.
During the European trading session on Friday, June 14th, the USD index continued to rise, with a mid-session report of 105.7090 and a 0.46% increase. With the help of the weakening euro and yen, the USD index continues to rise. The euro is still affected by the European Parliament elections last weekend and expectations of further interest rate cuts this year. The yen fell after the Bank of Japan announced a reduction in bond purchase plans, but the market will have to wait until the meeting on July 31 for any details. The euro (58%) and yen (13.6%) are the two largest components of the USD index. (USD index daily chart source: E-huitong) Bank of Japan policy meeting.
Japanese Yen Weakens to Six-Week Low After Bank of Japan Holds Rates
The Japanese yen weakened to six-week lows in early European trade on Friday after the Bank of Japan's widely expected move left interest rates unchanged between zero and 0.1%.
US Dollar Index Prints a One-Month High, USD/JPY Rallies Post-BoJ Meeting
Forex Today: Japanese Yen Slides as BoJ Maintains Policy Settings
The Japanese Yen (JPY)stays under selling pressure on Friday as markets assess the Bank of Japan's (BoJ) monetary policy announcements.
Core inflation may accelerate, and the Bank of Japan is expected to raise interest rates further.
Economists expect that Japan's core CPI year-on-year growth rate in May may accelerate from 2.2% last month to 2.6%, which will lead to the Bank of Japan continuing to raise interest rates in the coming months.
US Dollar Holding up Well Despite Rate Pricing
It’s been an interesting week for financial markets. The most striking development in our opinion is the fact that the market is back to pricing two full rate cuts from the Fed in 2024, and yet, the Dollar has held up relatively well considering.
Yen Will Extend Slide on Bond-Purchase Uncertainty, Analysts Say
The yen is likely to keep weakening after the Bank of Japan disappointed the market by failing to provide many details about its plans to cut bond purchases, analysts and strategists said.
"Shoe Drops"! Japan maintains interest rates unchanged, and as expected reduces bond purchases, causing the USD/JPY to surge nearly 100 points in the short term.
After the Bank of Japan's interest rate decision was announced, the US dollar surged nearly 100 points against the Japanese yen to 157.97. The Bank of Japan's second consecutive meeting kept the policy rate at 0-0.1%, in line with market expectations. The bank decided to reduce the scale of government bond purchases, which is in line with the general market expectations.
USD/JPY Rises After BOJ Keeps JGB Purchases Unchanged for Now -- Market Talk
0354 GMT - USD/JPY rises after the Bank of Japan says it will maintain the pace of Japanese government bond purchases until its next meeting. Before the meeting, many in the market had expected the BO
The Bank of Japan kept interest rates unchanged and announced that it will not decide on reducing its bond-buying program until next month. The yen fell close to the "intervention range".
The Bank of Japan kept interest rates unchanged on Friday, but stated that the reduction in bond purchases will be announced at the July meeting, which in fact is delaying the process of normalizing monetary policy. On June 14, the Bank of Japan announced its latest interest rate decision, maintaining the benchmark interest rate at 0-0.1%, and the committee unanimously agreed on the interest rate resolution by 0-9, which was in line with market expectations. In terms of bond purchases, the Bank of Japan was "ambiguous," announcing a reduction in the amount of government bond purchases, but continuing to purchase bonds based on the March decision, and will announce a reduction in the bond purchase plan at the next July meeting, deciding on the purchase of government bonds for the next 1-2 years. The Bank of Japan stated that it will hold a "bond market"
Yen Weakens Ahead of BOJ Decision -- Market Talk
The yen weakens against most other G-10 and Asian currencies in the morning session ahead of the Bank of Japan's decision, with the central bank widely expected to keep rates unchanged.
Japanese Yen Remains Subdued Ahead of BoJ Policy Decision
The Japanese Yen edges lower as the BoJ is widely expected to leave interest rates unchanged on Friday
In May, inflation in the USA was lower than expected, and the probability of interest rate cuts in September has risen to around 60%.
The US inflation remained stable in May, with no price increases for the first time since June 2021. The annual inflation rate has dropped to 3.3%, slightly lower than the market's expectation of 3.4%. The unexpected drop in inflation rate has ignited investors’ hope that the Federal Reserve may start cutting interest rates in the coming months.