On Tuesday, the evergreen buck went down to the day’s minimums versus the Japanese yen, reversing earlier revenues, which emerged right after the head of the BOJ told it remained committed to today’s monetary easing and the bank wasn’t braced for scaling back stimulus.
The currency pair USD/JPY slumped 0.47% hitting, which is not far off its four-month minimum of 110.18 reached last Wednesday.
The Japanese yen had slumped earlier in the session after BOJ Chief Haruhiko Kuroda told there’s still some distance to meet the bank’s 2% inflation objective and Japan’s key financial institution hasn’t reached the stage of thinking as for how to stop its ultra-loose monetary policy.
On Tuesday, the BOJ didn’t change its monetary policy, with interest rates staying at -0.1% as well as a cap on ten-year bond yields at 0%.
The Japanese yen had soared after in January the Bank of Japan modified its bond purchasing program, buying fewer long-term bonds.
American multinational companies get down to reevaluating their currency hedging strategies following a leap in the evergreen buck for recent months because the impact of the stronger US currency starts influencing second-quarter corporate profits…
On Wednesday, the British pound headed south to the lowest value for 10 months versus the broadly stronger greenback because suddenly dismal British inflation data decreased chances for an August rate lift by Britain’s key financial institution…
On Wednesday, the evergreen buck managed to jump because Fed Chair Jerome Powell came up with an upbeat assessment of the American economy at his Tuesday’s semi-annual congressional testimony…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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