The Japanese yen remains on the back foot into today's Bank of Japan meeting, with policy divergence and persistent carry demand continuing to weigh on the currency. While the BOJ is widely expected to hold rates steady, markets remain focused on guidance — and whether officials signal any willingness to tighten policy in the near term.
Japanese yen on the back foot on Monday, as trader asses the situation that the Bank of Japan in currently in.
AUD/JPY gathers strength above 114.00 on Iran truce proposal
AUD/JPY is setting up for a potential upside breakout toward 120 psychological level, with the next move likely to be decided by a high-stakes combination of BoJ policy and Australian inflation data. Today's bounce suggests the cross may be preparing to resume its longer-term uptrend, but confirmation now hinges on how these two key catalysts unfold.
AUD/JPY Price Forecast: Softens below 114.00, but uptrend holds above 100-day EMA
USD/JPY remains arguably the cleanest read on shifting sentiment towards the prospects for a lasting peace in the Middle East, with the incredibly tight linkage to US yields and yield spreads over the past week looking almost entirely explained by fluctuations in crude oil futures. Where they move, yields and spreads have tended to follow.
AUD/JPY holds gains above 114.00 following news of easing US Strait blockade
AUD/JPY Forecast: Drifts higher above 114.00, bullish momentum persists above 100-day EMA
AUD/JPY loses traction to near 113.50 as US-Iran tensions escalate after ship seizure
AUD/JPY gains traction above 114.00 as RBA hike bets grow
AUD/JPY Price Forecast: Reaches fresh record highs above 114.00
AUD/JPY rises to near 113.50 due to renewed hope for US-Iran talks