Yen exchange rate unexpectedly increases

Huyền Mai |

The Yen exchange rate suddenly increased, investors are waiting for important data from the Bank of Japan, the economic picture is gradually becoming clearer.

According to FXStreet, the USD/JPY pair increased to nearly 144.60 in the early trading session in Asia this morning, September 26. The main reason is the weakening of the US dollar (USD) due to expectations that the Fed will cut interest rates sharply in November, continuing to affect this pair. Investors are waiting for new economic data and signals from the Fed about upcoming interest rate cuts.

According to the US Department of Commerce, new home sales in August fell 4.7% to 716,000 units, down from 751,000 units in July (after adjustment), but still higher than market expectations. Previously, a report on US consumer sentiment showed weaker-than-expected results, causing many to worry about the labor market and raising expectations of the Fed cutting interest rates further.

On the Japanese side, the Bank of Japan (BoJ) will release the minutes of its July policy meeting on Thursday. BoJ members called for a slow and cautious rate hike. Some see a 0.25% rate hike to adjust monetary support levels, while others see a more gentle adjustment.

Japanese Finance Minister Shunichi Suzuki said on Tuesday that the BoJ will implement appropriate monetary policy and continue to coordinate with the government. If the BoJ delays the rate hike, it could weaken the JPY and help maintain the USD/JPY rally.

Despite a recovery in the trading session, USD/JPY is still on a downward trend, as the exchange rate remains below Ichimoku (Kumo) cloud and the 200-day moving average (DMA).

The Relative Strength Index (RSI) has just overcome its neutral line, opening up the possibility of further increase in the short term.

In such a situation, the next resistance level for USD/JPY will be 145.00, before testing the 50-day moving average at 146.73. If it continues to be strong, this pair could reach 147.00.

According to Lao Dong, at 3:00 p.m. on September 25, the exchange rate of the Japanese Yen against the US dollar is currently anchored around the lowest level of the day at 144.44 JPY and the highest at 144.77 JPY.

Huyền Mai
TIN LIÊN QUAN

Yen exchange rate weakens before BoJ's hesitant decision

|

The Japanese Yen exchange rate continues to weaken as the Bank of Japan (BoJ) delays interest rate increases.

Yen exchange rate fluctuates unexpectedly due to interest rate pressure

|

The Japanese Yen exchange rate continues to depreciate due to interest rate pressure from the Bank of Japan, causing the currency market to become unstable.

Yen exchange rate plummets, speculators remain optimistic

|

The yen exchange rate fell sharply after the Bank of Japan's decision to keep interest rates unchanged, creating significant fluctuations in the Asian financial market.

Relatives recall the cry for help of victims in the fire that killed 8 people in Ho Chi Minh City

|

HCMC - The fire at Doc Lap residence on the night of July 6 killed 8 people, including 4 victims in the same family.

Psychological pressure is relieved, stocks wait for cash flow to explode

|

The current stock market sentiment is quite diverse. Some individual investors are somewhat optimistic, while some are still cautious.

Found two sisters missing while looking for jobs in Hanoi

|

Nghe An - Two sisters went to Hanoi to find a job in the summer and then went missing. After the authorities and police intervened, the two students were found safe.

Identifying the identities of 8 people who died in the Doc Lap apartment fire in Ho Chi Minh City

|

HCMC - The fire broke out at Doc Lap residence in Phu Tho Hoa ward, killing 8 people. The authorities have identified the identities of these 8 victims.

Phuong My Chi's facial expression and surprise proposal to Tran Thanh in Em xinh say hi

|

Phuong My Chi is showing off as a prominent face in Em xinh say hi, and could be the winner of this race.

Yen exchange rate weakens before BoJ's hesitant decision

Huyền Mai |

The Japanese Yen exchange rate continues to weaken as the Bank of Japan (BoJ) delays interest rate increases.

Yen exchange rate fluctuates unexpectedly due to interest rate pressure

Huyền Mai |

The Japanese Yen exchange rate continues to depreciate due to interest rate pressure from the Bank of Japan, causing the currency market to become unstable.

Yen exchange rate plummets, speculators remain optimistic

Huyền Mai |

The yen exchange rate fell sharply after the Bank of Japan's decision to keep interest rates unchanged, creating significant fluctuations in the Asian financial market.