USD/JPY Price Forecast: Yen languishes amid growing BoJ rate hike uncertainty

The post Australian Dollar firms against Japanese Yen following China’s RatingDog Manufacturing appeared on BitcoinEthereumNews.com. AUD/JPY extends its gains for the third successive day, trading around 114.60 during the Asian hours on Monday. The currency cross holds its ground as a wave of mixed economic data from China, Australia, and Japan shaped market sentiment. China’s RatingDog Manufacturing Purchasing Managers Index (PMI) slipped to 51.8 in May from the previous month’s 52.2 reading. While this indicates a slight deceleration in expansion, it still managed to beat market expectations of 51.4, offering a layer of resilience to the regional outlook. In Australia, the labor market showed signs of recovery as the ANZ–Indeed Australian Job Ads rebounded by 1.8% month-on-month (MoM) in May, marking the first gain since February and bouncing back from a 0.6% decline in April. However, the overarching trend continues to suggest that labor demand is gradually moderating as elevated bo

The post Japanese yen hovers near multi-week low vs USD on Mideast risks appeared on BitcoinEthereumNews.com. The USD/JPY pair kicks off the new week on a positive note and climbs back closer to the 159.50 level during the Asian session, eyeing a four-week top set last Thursday amid a combination of factors. Data released earlier today showed that Japan’s corporate Capital Spending flatlined in the first quarter, falling short of market expectations and marking a sharp deceleration from the 6.5% YoY rise seen in the final quarter of 2025. This comes on top of economic concerns stemming from the Middle East conflict and the continued energy supply disruption through the Strait of Hormuz, which, in turn, is seen undermining the Japanese Yen (JPY). Apart from this, a goodish pickup in the US Dollar (USD) demand turns out to be another factor supporting the USD/JPY pair. Persistent geopolitical uncertainties, along with hawkish US Federal Reserve (Fed) expectations, assist the safe-haven U

A potential BOJ rate hike could stabilize the yen short-term, but risks slowing Japan's growth and impacting global financial markets. The post Yen faces heightened intervention risk ahead of June 16 BOJ hike appeared first on Crypto Briefing.

Ueda's speech could impact global markets by influencing yen stability, affecting inflation, and potentially triggering crypto volatility. The post Bank of Japan’s Ueda speech awaited as yen consolidates against G-10 currencies appeared first on Crypto Briefing.

The post Pound Strengthens Against Yen As Bank Of England’s Bailey Strikes Hawkish Tone appeared on BitcoinEthereumNews.com. Pound Strengthens Against Yen As Bank Of England’s Bailey Strikes Hawkish Tone Skip to content Home Forex News Pound Strengthens Against Yen as Bank of England’s Bailey Strikes Hawkish Tone Source: https://bitcoinworld.co.in/pound-strengthens-against-yen-bailey-hawkish/

The post GBP/JPY Price Forecast: Pound retreats below 214.00 as Japanese data supports Yen appeared on BitcoinEthereumNews.com. The British Pound (GBP) is practically flat against the Japanese Yen (JPY) on Friday, trading a few pips below 214.00 at the time of writing, after bouncing from weekly lows near 213.35 on Thursday. The pair remains on track for its second consecutive weekly gain, although a string of positive Japanese data has provided some respite to a weak Japanese Yen.  Tokyo Consumer Prices Index (CPI) data released earlier on Friday has shown easing inflationary pressures in May. Nevertheless, stronger-than-expected Industrial Production data, an unexpected decline in unemployment, and upbeat Retail Trade figures have revealed that the economy remains resilient, despite the energy shock, and feed hopes that the Bank of Japan (BoJ) will hike rates in June. Later on the day, Bank of England (BoE) Governor Andrew Bailey is expected to speak at the Reykjavik Economic Confere

The post Japanese Yen barely blinks as Tokyo CPI prints to script appeared on BitcoinEthereumNews.com. The Yen got the data it had been waiting on, and proceeded to do almost nothing with it. Tokyo CPI for May landed at 1.6% YoY on the headline measure, with the core reading excluding fresh food holding at 1.5% YoY (matching April’s four-year low) and the core-core measure (excluding fresh food and energy) steady at 1.9% YoY. All three came in essentially in line with what positioning desks had penciled in, and all three remain below the Bank of Japan’s (BoJ) 2% target. The Yen’s reaction was a shrug, and that shrug is the entire story. Three measures, no signal The April print had set the bar this low for a reason. April’s collapse in core-core to 1.9% YoY from 2.3% YoY was the print that pushed June hike pricing meaningfully out, and May simply confirmed there was no quick rebound coming. Energy subsidies are still capping petrol prices, food disinflation is filtering through, and th

The post Japanese Yen: Approaching intervention zone against USD – Societe Generale appeared on BitcoinEthereumNews.com. Societe Generale analysts note USD/JPY grinding towards 160 as widening 2-year UST/JGB spreads dominate over Oil moves for the Japanese Yen (JPY). The pair trades within 1% of the late-April intervention level, with markets assuming a 25 bp Bank of Japan (BoJ) hike in June. They highlight key intraday support, resistance and sizeable option expiries. Spreads drive Yen weakness “Spot advances to new May high tracking oil, US yields. Support 158.70, resistance 160.70.” “In G10 FX, it is puzzling to observe USD/JPY grinding towards 160, tracking the re-widening in 2y UST/JGB spread to 270bp.” “The level in spreads is not insignificant technically and corresponds with the previous high of Nov-25. It also demonstrates that bond spreads hold greater sway at present over oil prices in the case of the Yen.” “Hawkish declarations by Governor Ueda earlier this week appear to h