
The yen remains weak despite the BOJ's policy shift
The Bank of Japan is adopting a more hawkish tone, but the USD/JPY remains stuck above 161. MUFG analyzes this worrying discrepancy for Tokyo.
The Forex (Foreign Exchange) is the world's largest financial market with over $7.5 trillion traded daily — nearly 20 times the volume of all global stock exchanges combined. It runs 24/7 from Sunday evening to Friday evening through Asian (Tokyo), European (London, Frankfurt) and US (New York) sessions.
The 8 major pairs account for ~70% of volume: EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, AUD/USD, NZD/USD and XAU/USD (gold vs dollar). Minor pairs (EUR/GBP, EUR/JPY...) and exotics (USD/TRY, USD/MXN...) offer opportunities on monetary policy divergences but with higher volatility and spreads.
On ActuTrading Forex, you'll find our technical and fundamental analysis on major pairs, central bank decisions (Fed, ECB, BoJ, SNB) driving long-term trends, macro events that move exchange rates (CPI, NFP, PMI, rate decisions), and practical trading strategies — no jargon, no magic promises.
The world's most liquid pair. Live price, analysis, forecasts and Fed/ECB impact.
Read →"Cable" — the historic pound sterling vs dollar pair. Volatile, sensitive to Fed/BoE.
Read →Dollar vs Japanese yen. Safe-haven currency, sensitive to Fed rates and BoJ policy.
Read →Swiss franc, the ultimate safe haven. SNB-driven, negative correlation to EUR/USD.
Read →Australian dollar, commodity currency. Correlated to iron ore and Chinese economy.
Read →Canadian dollar — commodity pair dependent on WTI oil and Bank of Canada.
Read →Euro vs pound sterling, ~$150B/day, ECB vs BoE divergence.
Read →Carry trade king, sensitive to ECB + BoJ + risk-on/off.
Read →"The Dragon" — 100-200 pip range, high-volatility pair for advanced traders.
Read →New Zealand dollar, dairy + China currency, RBNZ.
Read →MAS NEER management, low volatility, Asian hub.
Read →How Federal Reserve decisions move the entire FX market.
Read →ECB policy analysis and its impact on the euro.
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The Bank of Japan is adopting a more hawkish tone, but the USD/JPY remains stuck above 161. MUFG analyzes this worrying discrepancy for Tokyo.

The yellow metal is losing ground under pressure from a dollar bolstered by expectations of monetary tightening by the Fed.
The U.S. president and the Italian prime minister are trading sharp criticism over Rome's stance on the conflict in Iran. The markets are watching closely.

The dollar is climbing to its highest level in two months as expectations of a Fed rate hike grow. The Japanese yen is taking a hit.

The dollar has paused its rally following the announcement of a major peace agreement. The yen remains stable following the BoJ's rate hike.

The Republican Party is concerned about a possible defeat in Texas. Trump has a record war chest of $350 million to turn the tide.

Japan's core inflation is expected to remain below 2% for the fourth consecutive month in May 2026. The Bank of Japan sees its target slipping further out of reach.

Japan's Minister of Economy warns against a too-sharp rise in interest rates just minutes before the Bank of Japan's decision. The yen and the USD/JPY are under pressure.

The dollar remains strong against the yen despite Governor Ueda's hawkish comments. The USD/JPY pair is holding steady at 159.93 as an imminent rate hike looms.

Citigroup maintains its forecast that the Reserve Bank of Australia will raise rates by 25 basis points in August. Such a move could shake things up for the AUD.

Faced with persistent inflation, investors are betting heavily on a sharp rise in the U.S. dollar. The Fed remains firm on its monetary policy.

Ryozo Himino, deputy governor of the Bank of Japan, reaffirms the upward trajectory of Japanese interest rates. Only an escalation in the Middle East could change the situation.