The Japanese Yen(JPY)
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16 June-The Japanese Yen (JPY) saw the USD reach fresh 4.5 year highs for the second successive session breaking key levels of 123.00. Overall, the USDJPY traded with a low of 122.55 and high of 123.14 before closing the day at 122.95 in the New York session. Looking ahead, The Bank of Japan is widely seen keeping rates at 0.5 percent on Friday, but with expectations running high for a rate hike in August, investors will closely watch the post-meeting news conference by BoJ Governor Toshihiko Fukui
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18 June- The Japanese Yen (JPY)touched a fresh 4.5 year high against the USD for the third consecutive session as the BoJ indicated no hurry to raise interest rates in the near future by keeping rates on hold at 0.50% on Friday. Overall the USDJPY traded with a range of a low 122.88 and a high of 123.66 before closing the day at 123.44 in the New York session.
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28 May-The Japanese Yen (JPY) was the biggest mover on Friday as CPI data matched expectations for the month of April, released at -0.1%. Up from the March’s decline of -0.3% giving indications that inflationary pressures are slowly returning. Although the USDJPY experienced early losses on the back of inflationary data, the pair moved higher to end the day. Overall, the USDJPY traded with a range of a low 120.85 and a high of 121.77 before closing near day highs at 121.72 in the New York session.