USD JPY rose 2% as the BOJ reduced the chances of a hike

USD JPY rose 2% as the BOJ reduced the chances of a hike

The yen fell sharply against the dollar on Wednesday. USD JPY jumped nearly 2% after an official Bank of Japan official downgraded expectations of a near-term interest rate hike, undermining investor concerns that a jump could more of the Japanese currency weakened global markets The yen fell 2.5 percent to

Read More »
USDJPY Expected to Fall on BOJ Rate Hike Forecast

USDJPY Expected to Fall on BOJ Rate Hike Forecast

The report on USDJPY is here and it seems something interesting is afoot in the currency pair. The Japanese yen continues to gain against the dollar for the third week in a row last week. As traders remain cautious ahead of the Bank of Japan’s policy meeting on Wednesday, which

Read More »