- USD/JPY is located sharply to approximately 154.30 amid a strong performance by the Japanese yen in all areas.
- Boj Hawkish Bets increased the gravity of the yen.
- The Federal Reserve remained fixed borrowing rates in the range of 4.25 % -4.50 % on Wednesday.
The pair of the dollar/JPY falls to approximately 154.30 in the European session on Thursday. The original is weakened with the performance of the Japanese yen (JPY) strongly in all fields amid increasing expectations that the Boj Bank (BOJ) will continue to walk this year.
Japanese yen price today
The table below shows the percentage of Japanese yen change against the main currencies listed today. The Japanese yen was the strongest against the New Zealand dollar.
| US dollar | euro | GBP | JPY | CAD | Aud | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| US dollar | 0.00 % | -0.03 % | -62 % | -0.13 % | 0.02 % | 0.07 % | 0.03 % | |
| euro | -01 % | -04 % | -59 % | -0.15 % | 0.00 % | 0.06 % | 0.02 % | |
| GBP | 0.03 % | 0.04 % | -0.60 % | -11 % | 0.04 % | 0.10 % | 0.02 % | |
| JPY | 0.62 % | 0.59 % | 0.60 % | 0.47 % | 0.63 % | 0.65 % | 0.60 % | |
| CAD | 0.13 % | 0.15 % | 0.11 % | -0.47 % | 0.16 % | 0.21 % | 0.12 % | |
| Aud | -02 % | -01 % | -04 % | -63 % | -16 % | 0.06 % | -01 % | |
| Nzd | -07 % | -06 % | -0.10 % | -65 % | -0.21 % | -06 % | -08 % | |
| Chf | -0.03 % | -02 % | -02 % | -0.60 % | -0.12 % | 0.01 % | 0.08 % |
The heat map shows the percentage changes in the main currencies against each other. The basic currency is chosen from the left column, while the quotation currency is chosen from the top row. For example, if you choose the Japanese yen from the left column and move along the horizontal line to the US dollar, the percentage offered in the box represents JPY (base)/USD (quotation).
Dovish Boj Bets has accepted that the spring wage negotiations in Japan will lead to a strong rise again this year. On Thursday, the deputy governor of the Boj Ryozo Himino team also said that the central bank “will raise prices if the economy and prices move in line with expectations.”
Meanwhile, the US dollar (USD) is trading sideways after the first monetary policy decision of the Federal Reserve (FERED), which left interest rates unchanged within 4.25 % -4.50 %, as expected. The Federal Reserve Chairman, Jerome Powell, led the central bank to resume a policy restorer only when he sees some progress in inflation towards the central bank of 2 % or some weakness in the labor market.
In Thursday’s session, investors will focus on the data of the total local products of the United States (the United States), which will be published at 13:30 GMT. On an annual basis, the US economy is expected to grow at a slower pace of 2.6 %, compared to a growth of 3.1 % in the third quarter of 2024.
USD/JPY is trading below the upscale direction line in about 155.00, which is drawn from the level of September 13, 139.58 on a daily time frame. The assets look weakened as it trades without the averages of the entertainment for 20 and 50 days (EMAS), which hovers about 155.90 and 155.10, respectively.
The 24 -day relative index (RSI) slides approximately 40.00. The fresh landfill will lead to the appearance if the relative strength indicator is less than 40.00.
USD/JPY can see the construction of important offers on the negative side without the lowest level on January 27 of 153.70, which will decline to nearly 12 December at 151.80, followed by the lowest level on December 11 151.00.
On the contrary, the bullish move is higher than the highest level on January 23 of 156.75 would push the husband about the highest level on January 15 of 158.08 and January 10 of 158.88.
Daily Plan USD/JPY
Japanese questions yen
The Japanese yen (JPY) is one of the most trading currencies in the world. Its value is widely determined by the performance of the Japanese economy, but more specifically through the policy of the Bank of Japan, and the differential between the revenues of Japanese and American bonds, or risk morale among merchants, among other factors.
One of the states of the Bank of Japan is the control of the currency, so its movements are the key to the yen. BOJ interfered directly in the currency markets sometimes, and generally to reduce the value of the yen, although it refrains from doing so often due to the political concerns of its main commercial partners. Boj Ultra-LOOSE’s monetary policy between 2013 and 2024 caused the yen to decrease against its main peers due to the difference in policy between the Bank of Japan and other major central banks. Recently, relaxation has gradually gave this super -support policy some support for the yen.
Over the past decade, the BoJ’s position of adhering to a high -minded monetary policy has has expanded a difference in politics with other central banks, especially with the American Federal Reserve. This is to support the expansion of the difference between American and Japanese bonds for a period of 10 years, which preferred the US dollar against the Japanese yen. BOJ’s decision in 2024 to gradually abandon the policy of the super taste, as well as discounts in the interest rate in other major central banks, narrows this difference.
The Japanese yen is often seen as a safe investment. This means that in times of stress on the market, investors are likely to put their money in the Japanese currency because of its reliability and supposed stability. Distinguished times are likely to enhance the value of the yen against other currencies that are seen as more dangerous for investment.
