Yen ascends ahead of Japan-US trade negotiations

Yen ascends ahead of Japan-US trade negotiations

On Thursday, the Japanese yen rallied to its strongest value versus the evergreen buck for 9 days ahead of the highly anticipated negotiations between Japan and America as well as rumors over when Japan’s main financial institution is going to give up its extremely easy monetary policy.

In addition to this, the New Zealand dollar went down due to the fact its major bank stuck with rather a dovish policy.

While financial markets are still on the edge due to the escalating trade conflict between China and the United States, traders are waiting for the key event scheduled to start on Thursday in Washington. Market participants hope that Japan is going to try averting harsh duties on its auto exports and reject American demands for a bilateral free trade pact.

Japan’s currency has dived nearly 4% versus the evergreen buck for the last six months, driving rumors that its depreciation could turn out to be an issue in the upcoming negotiations because the current US presidential administration has spurred worries over countries knowingly weakening their national currencies.

On Wednesday, the Japanese yen had been backed by the minutes of a July 30-31 BOJ board gathering.  The crucial report revealed that one member of the board was eager to allow long-term profits to move in an even wider range than the band indicated by the major financial institution.

Meanwhile, the Australian dollar had tacked on for the past two trading marathons, backed by a recent retreat by China’s currency paused for the time being.

Besides this, the UK currency was nearly intact sticking with $1.2877 after yesterday’s sink to about $1.2854 that happened to be its worst outcome in 2018. However, versus Japan’s currency the UK pound slumped to an 11-month dip of 142.34.



May 2020 forex season trading
May 2020 forex season trading

April seasonal patterns weren’t supposed to work, but somehow they did. Even a strong fundamental issue such as the global recession amid the coronavirus couldn’t overwhelm it. That’s why May seasonal patterns may work as well.

Latest news

Turkey has Decreased Interest Rates, But is it a Buy?
Turkey has Decreased Interest Rates, But is it a Buy?

Turkey’s central bank governor was at a crossroads: to hold interest rates and take a risk to be fired like it was for three governors before him, or to comply with the president, to cut rates, and to risk the market. Let’s find out, how to react to the rate cut.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera