Select Language

USD/JPY consolidates around 144.50 - DBS

Breaking news

USD/JPY consolidates around 144.50 - DBS

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
update 2024.08.29 21:00
USD/JPY consolidates around 144.50 - DBS

update 2024.08.29 21:00

The JPY held on to earlier gains, with USD/JPY consolidating around mid-144, DBS FX & Credit Strategist Chang Wei Liang notes.

BOJ to continue normalizing monetary policy

"Markets will watch Tokyo CPI tomorrow closely, as BOJ Governor Ueda had expressed that further rate hikes could come if the Japanese economy moves in line with forecasts. Meanwhile, equity risks and tensions around the Middle East could keep the JPY supported on safe haven bids." 

"On the political front, former Foreign and Defense Minister Kono Taro announced his plans to run in the Sep 27 LDP leadership election, and stated that it is appropriate for the BOJ to continue normalizing monetary policy as long as inflation remains in line with the Bank's expectations. He also said it is time to discuss how to balance the budget as interest rates rise."


Date

Created

 : 2024.08.29

Update

Last updated

 : 2024.08.29

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

PBOC sets USD/CNY reference rate at 7.0983 vs. 7.0870 previous

The People's Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.0983, as compared to the previous day's fix of 7.0870 and 7.0924 Reuters estimates.
New
update2024.09.19 10:17

USD/JPY jumps above 143.50, focus shifts to BoJ rate decision

The USD/JPY pair gains traction around 143.55 on Thursday during the early European session.
New
update2024.09.19 09:56

NZD/USD weakens near 0.6200 as New Zealand GDP shrinks by 0.2% in Q2

The NZD/USD pair edges lower to near 0.6200 during the early Asian session on Thursday.
New
update2024.09.19 09:05

BoC Minutes: Some members were more concerned about downside inflation risks

According to the Bank of Canada's (BoC) minutes from a recent meeting that was released Wednesday, some governing council members were more concerned about downside risks to inflation.
New
update2024.09.19 08:35

USD/CAD trades with mild gains above 1.3600, Fed cuts rates for first time in four years

The USD/CAD pair posts modest gains around 1.3605 during the early Asian session on Thursday.
New
update2024.09.19 08:04

New Zealand GDP contracts by 0.2% but bucks forecasts

New Zealand's Gross Domestic Product (GDP) growth in the second quarter contracted by 0.2% QoQ, falling back from the previous quarter's revised 0.1% (from 0.2%), but still held above the median market forecast of -0.4%.
New
update2024.09.19 07:58

GBP/USD holds steady as BoE rate call looms ahead

GBP/USD hit a fresh 30-month high on Wednesday, pushed within inches of the 1.3300 handle after the US Federal Reserve (Fed) trimmed interest rates by a jumbo 50 bps and chalking in the US central bank's first rate cut in over four years.
New
update2024.09.19 07:42

NZD/JPY Price Analysis: Pair continue with mild upwards movements, reversal signs gaining relevance

In Wednesday's session, the NZD/JPY pair rose by to 88.25. Considering the fresh gains and the latest technical outlook, the possibility of a reversal of last week's losses is growing.
New
update2024.09.19 06:35

Australian Unemployment Rate expected to hold steady at 4.2% in August

The Australian Bureau of Statistics (ABS) will release the monthly employment report at 1:30 GMT on Thursday.
New
update2024.09.19 06:30

USD/CHF rebounds slightly, yet prints losses following Fed's cut

The USD/CHF recovered after whipsawing after the Federal Reserve lowered borrowing costs by 50 basis points (bps), though it reaffirmed its data-dependent stance, according to Chairman Jerome Powell.
New
update2024.09.19 06:02

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel