Yen Falls As BOJ Kept Policy Unchanged
10 Mars 2023 - 1:54AM
RTTF2
The Japanese yen weakened against other major currencies in the
early Asian session on Friday, after the Bank of Japan kept its
benchmark lending rate unchanged as widely expected.
The BOJ Governor Haruhiko Kuroda in his last policy meeting,
left policy balance rate unchanged at -0.1 percent and maintained
its current bond-yield curve control policy settings.
Traders focus shifts to the next BOJ meeting in April, governed
by BOJ Kazuo Ueda.
Traders are also looking ahead to the release of the more
closely watched monthly U.S. jobs report later in the day. The jobs
report could have a significant effect on the pace of interest rate
hikes as determined by the U.S. Fed.
Thursday, the yen was trading steady against other major
currencies.
In the Asian session today, the yen fell to a 2-day low of
144.99 against the euro, a 3-day low of 163.19 against the pound
and nearly a 3-month low of 146.91 against the Swiss franc, from
yesterday's closing quotes of 144.04, 162.25 and 145.87,
respectively. If the yen extends its downtrend, it could find
support around 146.00 against the euro, 166.00 against the pound
and 148.00 against the franc.
Against the U.S. and the Australian dollars, the yen edged down
to 136.97 and 89.99 from a recent 3-day high of 135.81 and nearly a
2-month high of 89.26, respectively. The yen may find support
around 139.00 against the greenback and 92.00 against the
aussie.
Against the New Zealand and the Canadian dollars, the yen
dropped to 83.52 and 98.94 from recent 1-month highs of 82.87 and
98.15, respectively. The next support level for the yen is likely
to be around 85.00 against the kiwi and 100.00 against the
loonie.
Looking ahead, German final inflation rate for February and U.K.
GDP and trade data for January are due to be released at 2:00 am
ET.
In the New York session, U.S. and Canada jobs data for February
are slated for release.
CAD vs Yen (FX:CADJPY)
Graphique Historique de la Devise
De Août 2024 à Sept 2024
CAD vs Yen (FX:CADJPY)
Graphique Historique de la Devise
De Sept 2023 à Sept 2024
