Category: USDJPY

Fundamental / Economic Backdrop (short term) USDJPY remains primarily driven by monetary policy divergence and year-end liquidity conditions. The US dollar continues to be supported by comparatively higher US yields, while the Japanese yen remains structurally weak due to the Bank of Japan’s gradual and cautious approach to policy normalisation.…

Fundamental / Economic Backdrop (short term) USDJPY remains primarily driven by the interest rate differential between the United States and Japan. US yields continue to hold at elevated levels, supported by resilient US economic data and a cautious Federal Reserve stance regarding the pace of future rate cuts. This maintains underlying USD suppor…

Fundamental / Economic Backdrop (short term) Short-term fundamentals continue to be dominated by the US–Japan monetary policy divergence. US yields remain elevated, supported by resilient US data and a Federal Reserve stance that remains cautious on easing. In contrast, the Bank of Japan continues to signal gradual normalisation, but without urg…

Fundamental / Economic Backdrop (short term) Short-term USDJPY price action continues to be driven by the interest rate differential between the US and Japan, risk sentiment, and expectations around central bank policy normalisation.The US dollar remains broadly supported by comparatively higher yields, though momentum has moderated …

Fundamental / Economic Backdrop (short term) The short-term macro environment remains USD-supportive but increasingly balanced. US monetary policy expectations continue to anchor around a “higher for longer” stance, with recent data reinforcing resilience in consumption and labour markets. However, marginal signs of cooling inflation and growi…