USD/JPY

The USD/JPY pair rose by 0.15% as traders reacted to the Bank of Japan (BOJ) interest rate decision. It is trading at 104.46, which is slightly above yesterday’s low of 104.10. Bank of Japan interest rate decision The Bank of Japan has been one of the most active central banks in the market this year. Although it has not cut rates as its counterparts, it has used other tools to support the world’s third-biggest economy. These measures, together w...

The USD/JPY price declined in overnight trading even after disappointing inflation and PMI data from Japan. It is trading at 104.70, which is lower than yesterday’s 104.95. Japan manufacturing sector under pressure Japan is a well-known manufacturing country. Some of its biggest brands like Toyota, Nissan, and Mitsubishi are all in the sector. Unlike in other countries like China and the United States, the country’s manufacturing sector is under...

The USD/JPY price is little changed as the market reacts to the latest Japanese trade numbers. The pair is trading at 105.25, which is close to its Friday’s close of 105.35. Japan trade numbers improves Japan exports and imports continued to fall as the country’s economy continued to recover. According to the Ministry of Finance, the country’s exports declined by 4.9% to ¥6.05 trillion. This decline was worse than the 2.9% that economists were ex...

The USD/JPY price is down for the second straight day as investors react to the Japanese producer price index (PPI) and machinery orders. It is trading at 105.50, which is slightly below last week’s high of 106.10. Japan machinery orders Japan is one of the biggest industrial countries in the world. It is known for its large manufacturing industry that produces some of the best machineries in the world. Therefore, the market pay close attention t...

The USD/JPY is up by 0.20% as investors react to news that Donald Trump is improving. The PMI is also reacting to the relatively strong services PMI data from Japan. It is trading at 105.54, which is significantly higher than the intraday low of 105.30. Trump showing signs of improvement The Japanese yen is often viewed as a safe-haven currency. This means that the currency tends to rise whenever significant risks emerge. It derives this role bec...

Volatile financial markets have welcomed European traders and investors this morning after the U.S. President Donald Trump and his wife Melania had tested positive for coronavirus and went into quarantine. Trump tests positive  Donald Trump confirmed on Twitter that he and his wife Melania are positive on COVID-19 infection. “We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!,” Trump said. Trump...