USD/JPY: Japan’s manufacturing PMI rises in June while consumer prices decline in May

  For the 24 hours to 23:00 GMT, the USD strengthened 0.89% against the JPY and closed at 98.51, after the Federal Reserve officials’ stated that the US economic recovery is not strong enough to start tapering bond-buying. The President … Continue reading

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USD/JPY: Yen dropped against the USD

  For the 24 hours to 23:00 GMT, the USD weakened 0.53% against the JPY and closed at 97.65. In the Asian session, at GMT0300, the pair is trading at 97.77, with the USD trading 0.12% higher from yesterday’s close. … Continue reading

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USD/JPY: Yen trading higher in the morning session

  For the 24 hours to 23:00 GMT, the USD strengthened 0.55% against the JPY and closed at 98.16, as better than expected US durable goods orders, CB consumer confidence and new home sales figures lifted investor confidence in the … Continue reading

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USD/JPY: Would not act on temporary market turbulence, indicates BoJ’s Iwata

  For the 24 hours to 23:00 GMT, the USD weakened 0.78% against the JPY and closed at 97.63. Yesterday, the Bank of Japan Deputy Governor, Kikuo Iwata ruled out using its policy ammunition to deal with temporary market turbulence, … Continue reading

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USD/JPY: Financial markets shall regain stability as economy improves, indicates BoJ Governor, Kuroda

  On Friday, the USD strengthened 0.79% against the JPY and closed at 97.78. The Bank of Japan (BoJ) Governor, Haruhiko Kuroda stressed that financial markets would probably stabilize over time, reflecting improvements in Japan’s economy, but the BoJ continues … Continue reading

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USD/JPY: Yen continues to trade lower this morning

For the 24 hours to 23:00 GMT, the USD strengthened 0.46% against the JPY and closed at 97.02, after the US Federal Reserve stated that if the economy improves as it forecasts, it might consider scaling back its asset purchase … Continue reading

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USD/JPY: Pair rallied as Bernanke says Fed could taper buying

  For the 24 hours to 23:00 GMT, the USD strengthened 1.04% against the JPY and closed at 96.58, after the US Federal Reserve announced plans to slow its purchases of bonds to stimulate the US economy in the coming … Continue reading

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USD/JPY: Japanese merchandise trade deficit widens in May

  For the 24 hours to 23:00 GMT, the USD strengthened 1.08% against the JPY and closed at 95.59. On the economic front, Japan’s capacity utilisation rebounded in April, while industrial production dropped more than the preliminary estimate in April. … Continue reading

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USD/JPY: Pair converging with its MA’s

  For the 24 hours to 23:00 GMT, the USD strengthened 0.25% against the JPY and closed at 94.57, after the New York manufacturing index jumped to a reading of 7.84 in June, against the expected reading of zero and … Continue reading

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USD/JPY: Tertiary industry activity in Japan remains flat in April

  On Friday, the USD weakened 1.36% against the JPY and closed at 94.28, after the University of Michigan consumer sentiment index recorded an unexpected drop in June after rising to the highest level in almost six years in May. … Continue reading

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USD/JPY: Japan’s economy is showing signs of improvement, reveals BoJ Minutes

  For the 24 hours to 23:00 GMT, the USD strengthened 0.10% against the JPY and closed at 95.58, as encouraging US employment and retail sales data supported the greenback. In the Asian session, at GMT0300, the pair is trading … Continue reading

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