USD/JPY surpasses 145 for first time in 24 years
Economies.com
2022-09-22 07:46AM UTC
Yen extended its losses against dollar on Thursday, trading below 145 for the first time in 24 years as the Bank of Japan held on to its ultra-easy monetary policies to support the economy.
US 10-year treasury yields are now trading near 11-year highs after the Federal Reserve's decision to hike interest rates by 75 basis points to 3.25%, the highest since 2008.
As US yields surged, dollar gained gained ground against yen as the yields gap between the US and Japan widens.
USD/JPY rose 1.3% today to 145.90, the highest since August 1998, with a session-low at 143.50.
Forex and Currency News
Forex
Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
Forex
Dollar moves in a positive zone as US treasury yields gian ground
2024-04-22 11:41AM UTC
Dollar rose in European trade on Monday against a basket of major rivals, resuming movements in the ...
Forex
Euro gains ground and heads for $1.07
2024-04-22 07:45AM UTC
Euro rose in European trade on Monday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPCHF under the negative effect – Forecast today – 23-4-2024
2024-04-23 05:12AM UTC
GBPCHF Pair Price Analysis Expected Scenario The GBPCHF pair still affected by the ...
Forex
The EURJPY prepares for new rise – Forecast today – 23-4-2024
2024-04-23 05:01AM UTC
EURJPY Pair Price Analysis Expected Scenario No change to the EURJPY pair’s bullish ...
Forex
The GBPJPY fluctuates within the bullish track – Forecast today – 23-4-2024
2024-04-23 05:00AM UTC
GBPJPY Pair Price Analysis Expected Scenario The GBPJPY pair provided more mixed trades ...