5 articles on Japanese yen
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.
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.
Traders are once again betting on interest rate differentials between currencies. The carry trade is making a strong comeback, completely reshaping forex flows.
The yen rose as much as 3% in a matter of hours following intervention by Japanese authorities. The dollar fell to 155.60 yen, and traders remain on edge.