Connect with us

Hi, what are you looking for?

The Freedom RightThe Freedom Right


USD to JPY Teeters Below Critical 150.00 Mark

The USD/JPY pair finds itself in a deadlock, hovering just below the closely-watched 150.00 level. This standoff comes as global markets react to geopolitical tensions, and the risk-off sentiment reverberates. Investors watch closely as yen conversion flirts with the 150.00 mark, which holds particular significance.

Yields Edge Towards 5.00%

Simultaneously, the US 10-year Treasury yields are making a significant move, approaching the 5.00% threshold. This development is influenced by Federal Reserve Chair Jerome Powell’s comments hinting at the possibility of further interest rate hikes.

The escalating conflict in the Middle East is adding to the market’s unease. Recent events, including Yemen’s involvement and a land-based cruise missile launched towards Israel, have raised concerns. While the US Navy managed to intercept the missile, geopolitical tensions continue to shape market sentiment.

Powell’s Speech Resonates: Is it Good Time to Buy Japanese Yen?

During a closely watched speech, Federal Reserve Chair Jerome Powell’s remarks were perceived as relatively consistent with the previous Federal Open Market Committee (FOMC) meeting. Powell acknowledged that yields have led to significantly tighter financial conditions. Currently, Fed futures suggest a 24% chance of a 25bps rate hike by the end of 2023, down from the previous day’s 38%. Additionally, for the first time in a month, there’s a 1% chance of a rate cut by the end of 2023.

Asian markets concluded with losses, most notably the KOSPI, which saw a 1.7% decline. European indices opened lower, with losses moderating during the session. Notable sector performance includes strength in energy and financials, while consumer discretionary and technology sectors are lagging.

Market Overview: Best Yen Exchange Rate on the Horizon?

In the foreign exchange markets, the landscape was relatively quiet as the week concluded. The US dollar maintained stability following Powell’s speech. Powell highlighted the robustness of the US economy and continued tight labour markets while also acknowledging the potential impact of rising market interest rates on the central bank’s actions.

Yen to Dollars remains a point of focus, trading just below the crucial 150.00 level. This level is watched closely as market participants assess the potential for foreign exchange intervention. The higher US bond yields continue to support the US dollar’s strength.

Looking Ahead

As the weekend nears, a relatively calm session is expected. Market participants will pay attention to speeches by influential FOMC members and the trajectory of US bond yields. These factors will play a pivotal role in shaping the future dynamics of the US dollar.

In the upcoming week, the European Central Bank’s rate decision will take centre stage. Expectations revolve around discussions regarding quantitative tightening under the Pandemic Emergency Purchase Program.

The post USD to JPY Teeters Below Critical 150.00 Mark appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Latest News, And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like


    Vermont Sen. Bernie Sanders, 81, defended President Biden, 80, against voter critiques that he lacks the energy and vigor to continue leading the United...


    Political advisers to both President Biden and Vice President Harris were reportedly annoyed with Democrat California Gov. Gavin Newsom over a planned debate with...

    Editor's Pick

    By the IoT Analytics team. A new report from IoT Analytics highlights eight notable trends helping to advance and promote digital twins. Four of...


    A second delivery driver has died in Texas amid record-high temperatures, just as the regulation of workplace heat safety enters a new legal limbo...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2020-2024 The Freedom Right. All Rights Reserved