On Friday, the Japanese currency briefly touched the same key psychological level, prompting speculation of intervention by the Bank of Japan.
The yen has been steadily weakening after Japan's central bank had adjusted its stance on its yield curve control policy on July 28, sending 10 year Japanese government bonds to its highest levels in nine years.
The U.S. dollar itself has also been on an uptrend since the end of July, with the dollar index climbing from a low of 99.77 on July 13 to its current level of 102.99. HSBC believes that the Japanese Ministry of Finance will "start pushing back in the 145-148 range." The Japanese government and the BOJ stepped in to buy the yen at 145 to the dollar in September 2022.
Japanese yen and U.S. dollar banknotes are arranged for a photograph in Tokyo, Japan. The U.S. dollar pushed to a fresh two-decade high versus major peers on Thursday, propelled by the Federal Reserve's hawkish outlook for interest rates.breached the 145 mark against the dollar on Monday, the first time since November 2022.The yen has been steadily weakening since the
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Yen breaks above 145/dlr level in choppy trading, dollar firmThe yen was volatile on Monday after slipping to its lowest for the year against the dollar, breaching the key 145 level as traders warily looked for clues on possible intervention, while the dollar rose to touch a more than one month high.
Consulte Mais informação »
BoJ offers unlimited JGBs at fixed-rate to tame yields, stop Yen from declining furtherBank of Japan (BoJ) offered unlimited Japanese Government Bonds (JGBs) of 5-10 years of residual maturity at a fixed rate on early Monday in Asia. In
Consulte Mais informação »
USD/JPY holds below the 145.00 area as BoJ offers unlimited JGBs at fixed-rateThe USD/JPY pair holds below the 145.00 area after retreating from a YTD high during the Asian session. The major pair currently trades around 144.90,
Consulte Mais informação »
Weak yen gives Japan's automakers temporary relief from China painJapanese automakers are getting much-needed cover from an old standby, as the weaker yen helps prop up profits amid declining sales in China and the increasingly tough shift to electric vehicles.
Consulte Mais informação »
Busier commute on tap Friday before Cardinals preseason game | Department of TransportationHeavier traffic is likely on westbound Interstate 10 and Loop 101 (Agua Fria Freeway) in the West Valley on Friday afternoon, Aug. 11, prior to the 7 p.m. preseason game between the Arizona Cardinals and Denver Broncos. Allow extra time. State Farm Stadium parking lots open at 3 p.m.
Consulte Mais informação »