The USDJPY is little changed today as traders react to the BOJ interest rate decision. The pair is trading at...
USDJPY
In this section, you will find important USDJPY news, actionable trading ideas, and a live USDJPY chart to help you understand the markets better.
USDJPY is the ticker symbol in Global FX markets that represents how many Japanese Yen you can buy with one US dollar. USDJPY is one of the world’s major currency pairs according to the Bank for International Settlements and represents 17% percent of total daily volume on forex trading markets. The factors that affect the value of the pair are the economic policy by the Japanese and U.S. governments and central banks, but also economic conditions and other economic indicators like unemployment, imports, exports, etc. However, a key driver is risk sentiment and there is a good negative correlation between stock markets and the Japanese Yen in the short term. The JPY is sensitive to risk sentiment as it is a so-called funding currency. The pair is very popular among traders because of the high liquidity and tight spreads.
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The latest interest rate decision from the Bank of Japan (BoJ) hits the newswires on July 15 at 3 a.m. GMT. The consensus among economists and several bank analysts is
USDJPY is facing some selling pressure early on in today’s Asian session, ahead of the BOJ rate statement scheduled tomorrow.
The economic calendar was relatively calm this week. The only major events in it were the RBA interest rate decision...
Technicals suggest that USDJPY may soon trade higher. Could the Japanese government’s plan for further easing trigger a rally on the currency pair?
USDJPY is off to a bullish start to this week’s trading. Can it extend its gains with the US ISM non-manufacturing PMI report?
Global stocks rose this week as investors remained optimistic about recovery of the world economy. As shown below, the DAX...
USDJPY is trading in the green in today’s Asian session. As of this writing, the currency pair is at 107.69,...
This week, the value of global stocks decreased as investors showed concern about the increasing number of COVID-19 cases in...
The USDJPY pair rose by almost 15 basis points as traders continued to worry about the surging coronavirus cases in...