Created
: 2025.05.27
2025.05.27 15:51
The Pound is trading higher for the second consecutive day on Tuesday, with the UK market returning from a long weekend on a moderately positive market mood. Trump's decision to delay a 50% tariff on Eurozone products has boosted market sentiment.
The positive mood is weighing on the Japanese Yen. The JPY is losing ground against its main peers despite BoJ Governor Ueda's comments highlighting the inflationary risks, which keep hopes of further monetary tightening alive.
The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the New Zealand Dollar.
USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
---|---|---|---|---|---|---|---|---|
USD | 0.04% | -0.00% | 0.23% | -0.01% | 0.12% | 0.24% | 0.03% | |
EUR | -0.04% | -0.06% | 0.16% | -0.05% | 0.00% | 0.10% | -0.03% | |
GBP | 0.00% | 0.06% | 0.23% | 0.00% | 0.04% | 0.16% | -0.02% | |
JPY | -0.23% | -0.16% | -0.23% | -0.20% | -0.09% | -0.05% | -0.18% | |
CAD | 0.01% | 0.05% | -0.00% | 0.20% | 0.11% | 0.16% | -0.04% | |
AUD | -0.12% | -0.01% | -0.04% | 0.09% | -0.11% | 0.01% | -0.13% | |
NZD | -0.24% | -0.10% | -0.16% | 0.05% | -0.16% | -0.01% | -0.20% | |
CHF | -0.03% | 0.03% | 0.02% | 0.18% | 0.04% | 0.13% | 0.20% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).
Growing concerns of a debt crisis in Japan are also weighing on the Yen. A recent report suggests that the Ministry of Finance is considering a reduction of super-long bonds issuance for the current fiscal year, as the declining demand from traditional buyers is triggering a significant increase on yields.
The yield of the 30-year note has dropped about 20 basis points over the Asian session to 2.86%. This could increase negative pressure on the Yen.
The UK calendar is light today, and market sentiment might keep the pair buoyed during the next sessions. Bulls are testing the 194.25 resistance area. If that level gives way, the May 13 high, at 196.25 will be exposed. Supports are at Monday's 193.05 low and the 38.6% retracement level, at 191.75.
Created
: 2025.05.27
Last updated
: 2025.05.27
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.
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].
Disclaimer:
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.
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