USDJPY spiked higher by over half a percent just after the release of US nonfarm payrolls (NFP) data, on Friday. USDJPY traded in the upper 156s after the US Dollar strengthened as a result of the better-than-expected results. Nonfarm payrolls showed the number of employed people in the US rose by 272,000 in May, when … Read more
USDJPY bulls are further encouraged by a weakening Japanese Yen following data that shows real wages declining for the 25th straight month in April, as domestic inflation in Japan continues to outpace wage growth. The data will make it harder for the Bank of Japan to normalise policy, as it hopes to lift the bank’s … Read more
The U.S. dollar-yen pair is trading around 155.30 in European markets on Wednesday, with the possibility of the Federal Reserve prolonging higher interest rates contributing to the Greenback’s strength. President Kashkari’s remarks suggest anticipation of unchanged interest rates for a considerable period, while interventions by Japanese authorities to support the JPY have only provided temporary relief.