Japanese Yen languishes near monthly low against firmer USD despite reviving safe-haven demand
The post Japanese Yen languishes near monthly low against firmer USD despite reviving safe-haven demand appeared on BitcoinEthereumNews.com. The Japanese Yen struggles to lure buyers amid reduced bets for a BoJ rate hike in 2025. The USD climbs to over one-week high and further lends support to the USD/JPY pair. Rising geopolitical tensions in the Middle East could limit losses for the safe-haven JPY. The Japanese Yen (JPY) is seen underperforming on Thursday against a broadly firmer US Dollar (USD), with the USD/JPY pair eyeing the monthly swing high retested earlier this week. The Bank of Japan’s (BoJ) cautious approach to unwinding its decade-long monetary stimulus forced investors to push back their expectations about the likely timing of the next interest rate hike to Q1 2026. Adding to this concerns about the potential economic fallout from existing 25% US tariffs on Japanese vehicles and 24% reciprocal levies turn out to be key factors undermining the JPY. The USD, on the other hand, climbs to its highest level in over a week on the back of the Federal Reserve’s (Fed) hawkish pause on Wednesday. Meanwhile, the backdrop of the uncertainty surrounding US President Donald Trump’s trade policies and rising geopolitical tensions in the Middle East continues to weigh on investors’ sentiment. This could help limit deeper losses for the safe-haven JPY and cap the USD/JPY pair. Hence, it will be prudent to wait for a sustained breakout through a short-term trading range barrier before placing fresh bullish bets around the pair. Japanese Yen bulls remain on the defensive amid diminishing odds for BoJ rate hike in 2025 The Federal Reserve, as was widely expected, kept interest rates steady at the end of a two-day policy meeting on Wednesday amid expectations of higher inflation ahead. In the closely watched “dot plot,” the committee indicated that two cuts by the end of 2025 are still on the table. Fed officials, however,…
The post Japanese Yen languishes near monthly low against firmer USD despite reviving safe-haven demand appeared on BitcoinEthereumNews.com.
The Japanese Yen struggles to lure buyers amid reduced bets for a BoJ rate hike in 2025. The USD climbs to over one-week high and further lends support to the USD/JPY pair. Rising geopolitical tensions in the Middle East could limit losses for the safe-haven JPY. The Japanese Yen (JPY) is seen underperforming on Thursday against a broadly firmer US Dollar (USD), with the USD/JPY pair eyeing the monthly swing high retested earlier this week. The Bank of Japan’s (BoJ) cautious approach to unwinding its decade-long monetary stimulus forced investors to push back their expectations about the likely timing of the next interest rate hike to Q1 2026. Adding to this concerns about the potential economic fallout from existing 25% US tariffs on Japanese vehicles and 24% reciprocal levies turn out to be key factors undermining the JPY. The USD, on the other hand, climbs to its highest level in over a week on the back of the Federal Reserve’s (Fed) hawkish pause on Wednesday. Meanwhile, the backdrop of the uncertainty surrounding US President Donald Trump’s trade policies and rising geopolitical tensions in the Middle East continues to weigh on investors’ sentiment. This could help limit deeper losses for the safe-haven JPY and cap the USD/JPY pair. Hence, it will be prudent to wait for a sustained breakout through a short-term trading range barrier before placing fresh bullish bets around the pair. Japanese Yen bulls remain on the defensive amid diminishing odds for BoJ rate hike in 2025 The Federal Reserve, as was widely expected, kept interest rates steady at the end of a two-day policy meeting on Wednesday amid expectations of higher inflation ahead. In the closely watched “dot plot,” the committee indicated that two cuts by the end of 2025 are still on the table. Fed officials, however,…
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