MENU

JPY

Japanese Yen May Curb GBP/JPY Rally if Renminbi's Break Higher Lifts Other Asian Currencies

  • Written by James Skinner
  • Category: JPY

Yen direction could influence GBP/JPY

The Pound-to-Yen exchange rate edged higher on Tuesday making it one of only two pairs to remain in the black on what was a down day for Sterling, although the rally has been slowing for a while and could now be curbed further in the weeks ahead if a turn higher by the Renminbi leads the Japanese Yen to bottom out.

Read more: Japanese Yen May Curb GBP/JPY Rally if Renminbi's Break Higher Lifts Other Asian Currencies

Japanese Yen Outperforms as 'Short Squeeze' Risk Lingers

  • Written by James Skinner
  • Category: JPY

Yen outlook, short squeeze

The Japanese Yen outperformed most major currencies on Tuesday following the April policy decision from the Bank of Japan (BoJ) and amid demand for safe-haven currencies, although it may have scope to rise further in the coming weeks according to a range of analysts.

Read more: Japanese Yen Outperforms as 'Short Squeeze' Risk Lingers

Japanese Yen "Oversold" and Set to Weigh Further On GBP/JPY Short-term

  • Written by James Skinner
  • Category: JPY

The Japanese Yen was a contender for the top spot among currencies this week by Wednesday having reached oversold levels that have helped put the Sterling-Yen exchange rate onto its back foot, although multiple analysts suggest GBP/JPY still has scope to fall further in the short-term.  

Read more: Japanese Yen "Oversold" and Set to Weigh Further On GBP/JPY Short-term

Japanese Yen Could Rally on Short Squeeze in April, BMO Capital Markets Says

  • Written by James Skinner
  • Category: JPY

The Japanese Yen remained the worst performing major currency of 2021 on Tuesday but could be set to narrow the gap between itself and comparable rivals over the coming weeks if BMO Capital Markets is right to be concerned about the prospect of a 'short squeeze' playing out this month.

Read more: Japanese Yen Could Rally on Short Squeeze in April, BMO Capital Markets Says

Japanese Yen Towers Over Euro, Swiss Franc after Bank of Japan Lifts Yields 

  • Written by James Skinner
  • Category: JPY

The Japanese Yen outperformed on Friday, rising against all major currencies but especially those within its 'funding currency' peer group, after the Bank of Japan (BoJ) appeared to covet higher bond yields through what may be eligible for description as an interest rate rise in diguise.

Read more: Japanese Yen Towers Over Euro, Swiss Franc after Bank of Japan Lifts Yields 

Pips offer