Dollar May Extend Downtrend Vs Yen, Daily Chart Shows
The dollar may extend downtrend against yen, says Matt Simpson, market analyst at forex.com and City Index. The currency pair had its worst day in over six weeks on Wednesday, with “bearish engulfing ...
US inflation relief dents dollar, yen gains ahead of BOJ
The dollar slipped on Thursday to stand just off recent peaks as cooling U.S. inflation data knocked down bond yields, while ...
Japan Investors Reap Benefit of Weak Yen and Tax-Exempt Scheme
Japanese retail investors enjoying the benefits of a tax-exempt investment scheme may be adding to the pain for the yen. That’s because they’ve been effectively shorting their own currency by selling ...
Yen strengthens as Japanese bond yields hit fresh 13-year high
The Japanese yen was at its strongest versus the dollar in nine days after Japan's government bond yields hit another cycle high. The 10-year JGB yield was up 1.5 basis points early Wednesday, trading ...
Yen firms on BOJ talk, sterling calmer on CPI, but US data still to come
Japan's yen strengthened on Wednesday on growing bets on a rate hike at the Bank of Japan's next meeting, while cooling ...