Tag Archives: Japan
Focus on USDJPY today – 16th AUG 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDJPY for AUG 16, 2024. Key Takeaways Technical Analysis Daily Chart Insights H1 Chart Insights Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
Focus on USDJPY today – 30th July 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDJPY for July 30 2024. Key Takeaways Technical Analysis Daily Chart Insights H1 Chart Insights Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
Focus on USDJPY today – 27th June, 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDJPY for June 27, 2024. Key Takeaways Technical Analysis Daily Chart Insights 1-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
Yen Plummets to Multi-Year Lows, Nearing Intervention Threshold
The Japanese yen weakened to around 159.40 per dollar, nearing the 160 level that prompted market intervention by authorities in late April. In response, Japan’s top currency diplomat Masato Kanda stated the government’s readiness to act against speculative currency movements. Concurrently, the US Treasury added Japan to a watchlist for potential currency manipulation. These developments […]
Nikkei Rebounds, Mirroring US Tech Rally Amid BOJ Policy Speculation
On Tuesday, the Nikkei 225 Index saw a 0.9% rise, reaching approximately 38,440, while the Topix Index increased by 0.7% to 2,720, recapturing roughly half of the losses from the previous session. The uplift paralleled a tech-led rally on Wall Street overnight, driving major US indexes to new record highs. Significant gains were propelled by […]
Japanese yen weakens, beaten by poor Industrial output
USDJPY has recorded substantial losses on yesterday, mainly due to possible foreign exchange market intervention by the Bank of Japan. Authorities have been tight-lipped with regards to the approach, but monthly data shows substantial amount of currency reserves spent from April 26 to May 29. Nonetheless, the pair rose slightly but remained close to recent […]
Economic Contraction in Japan Fueled by Declines in Consumer Spending and Exports
In the first quarter of 2024, a preliminary report indicated Japan’s economy contracted by 0.5% quarter-on-quarter, which was slightly more than the 0.4% decrease anticipated by analysts. This follows a revised report of no growth in the previous quarter. The decline in private consumption, which is over half of the country’s economic activity, was sharper […]
Focus on USDJPY today – 26th April 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDJPY for 26th April 2024. Key Takeaways Technical Analysis Weekly Chart Insights 1-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
Japan’s Core Inflation Cools Unexpectedly, U.S. Acknowledges Japan and South Korea’s Currency Woes
Japan’s core consumer price index, which excludes fresh food but includes fuel costs, rose 2.6% year-over-year in March 2024, decelerating from a four-month high of 2.8% in February. Despite the slowdown, the core inflation rate remained above the Bank of Japan’s (BOJ) 2% target for the 24th consecutive month. The deceleration was attributed to mild […]
Focus on USDJPY today – 17th April 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDJPY for 17th April 2024. Key Takeaways Technical Analysis Daily Chart Insights 1-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
