USD/JPY Builds On Boj-Inspired Rally, Jumps To Its Highest Level Since March 10

The USD/JPY pair rallied over 250 pips from the daily low and jumped to its highest level since March 10, around the 135.85 area during the early part of the European session on Friday.

The Japanese Yen (JPY) slumped across the board after the Bank of Japan (BoJ) announced its policy decision, which, along with resurgent US Dollar (USD) demand, prompted aggressive short-covering around the USD/JPY pair. As was widely expected, the Japanese central bank left its ultra-loose policy settings unchanged and made no tweaks to its yield curve control (YCC) by a unanimous vote.

The JPY selling picks up pace in reaction to the BoJ Governor Kazuo Ueda’s dovish remarks, noting that it will be appropriate to continue monetary easing to achieve the 2% inflation target. Speaking at the post-meeting press conference, Udea added that the risk from tightening too hastily is more significant than monetary policy falling behind the curve and that Japan’s inflation will likely slow below 2% in the latter half of the year.

The USD, on the other hand, climbs to a fresh weekly high and continues to draw support from firming expectations for a 25 bps lift-off at the next FOMC policy meeting in May. The bets were reaffirmed by Thursday’s US macroeconomic releases, which indicated persistent price pressures and that the US job market remains healthy despite an economic slowdown. This is seen as another factor pushing the USD/JPY pair.

Apart from this, the solid intraday rally could be attributed to some technical buying above the 135.00 psychological mark, coinciding with the March downfall’s 61.8% Fibonacci retracement level. This might have already set the stage for a further appreciating move, though bulls might wait for the release of the US Core PCE Price Index – the Fed’s preferred inflation gauge – later this Friday.

This Post Has 174 Comments

  1. informasi live online

    I discovered your blog site on google and check a few of your early posts. Continue to keep up the very good operate. I just additional up your RSS feed to my MSN News Reader. Seeking forward to reading more from you later on!…

  2. kabar berita online

    I will right away take hold of your rss feed as I can’t in finding your e-mail subscription hyperlink or newsletter service. Do you’ve any? Please let me understand in order that I may just subscribe. Thanks.

  3. liputan online

    I like this website its a master peace ! Glad I noticed this on google .

  4. tonic greens review

    Very nice design and superb content, absolutely nothing else we require : D.

  5. The Genius Wave

    Very interesting subject, thanks for putting up. “Challenge is a dragon with a gift in its mouthTame the dragon and the gift is yours.” by Noela Evans.

  6. Dentavim

    Definitely believe that which you stated. Your favorite reason appeared to be on the web the simplest thing to be aware of. I say to you, I definitely get irked while people consider worries that they just do not know about. You managed to hit the nail upon the top and also defined out the whole thing without having side effect , people can take a signal. Will likely be back to get more. Thanks

  7. fitspresso review

    F*ckin’ tremendous things here. I’m very satisfied to peer your post. Thank you a lot and i am taking a look forward to contact you. Will you please drop me a mail?

  8. tonic greens

    As a Newbie, I am constantly exploring online for articles that can benefit me. Thank you

  9. the money wave

    I have not checked in here for some time as I thought it was getting boring, but the last several posts are great quality so I guess I¦ll add you back to my everyday bloglist. You deserve it my friend 🙂

  10. Fitspresso

    Fitspresso is a brand-new natural weight loss aid designed to work on the root cause of excess and unexplained weight gain. The supplement uses an advanced blend of vitamins, minerals, and antioxidants to support healthy weight loss by targeting the fat cells’ circadian rhythm.

  11. Fitspresso

    Great write-up, I’m regular visitor of one’s web site, maintain up the nice operate, and It is going to be a regular visitor for a long time.

  12. Fitspresso

    Hello my friend! I want to say that this article is amazing, nice written and come with almost all significant infos. I?¦d like to see extra posts like this .

  13. Hello my loved one! I want to say that this article is awesome, great written and come with almost all significant infos. I?¦d like to look more posts like this .

  14. Tonic Greens

    You made some clear points there. I did a search on the issue and found most persons will agree with your website.

  15. Fitspresso

    I have been exploring for a little bit for any high-quality articles or blog posts on this kind of area . Exploring in Yahoo I eventually stumbled upon this site. Studying this info So i am happy to exhibit that I have an incredibly good uncanny feeling I came upon exactly what I needed. I so much definitely will make sure to do not forget this site and provides it a look regularly.

  16. Java Burn

    It’s onerous to seek out educated folks on this topic, however you sound like you recognize what you’re talking about! Thanks

  17. Sight Care

    It’s actually a nice and helpful piece of information. I am glad that you shared this helpful info with us. Please keep us informed like this. Thanks for sharing.

  18. Aw, this was a really nice post. In idea I want to put in writing like this moreover – taking time and actual effort to make an excellent article… but what can I say… I procrastinate alot and on no account appear to get one thing done.

  19. hire a hacker

    I discovered your blog site on google and check a few of your early posts. Continue to keep up the very good operate. I just additional up your RSS feed to my MSN News Reader. Seeking forward to reading more from you later on!…

  20. Pura vive reviews

    hello there and thank you to your info – I’ve certainly picked up anything new from right here. I did alternatively expertise some technical points the usage of this site, as I skilled to reload the site many occasions prior to I may get it to load properly. I have been pondering in case your hosting is OK? No longer that I am complaining, but slow loading circumstances instances will sometimes have an effect on your placement in google and could injury your high quality ranking if advertising and ***********|advertising|advertising|advertising and *********** with Adwords. Well I’m including this RSS to my e-mail and can glance out for much more of your respective fascinating content. Ensure that you update this again soon..

  21. Aizen Power Review

    I like what you guys are up also. Such clever work and reporting! Carry on the excellent works guys I’ve incorporated you guys to my blogroll. I think it will improve the value of my web site 🙂

  22. Java Burn

    You have remarked very interesting points! ps nice site.

  23. fitspresso

    Needed to send you the very little note just to thank you very much over again considering the magnificent suggestions you’ve shared on this website. It has been quite incredibly generous with people like you in giving easily all many people might have offered for sale as an e-book to help make some bucks for themselves, and in particular considering the fact that you could have tried it if you ever wanted. The points additionally served like the easy way to be aware that other people have similar dream like my own to grasp way more with reference to this condition. I am sure there are thousands of more fun situations ahead for folks who view your site. fitspresso reviews

  24. growth matrix

    I needed to draft you one bit of note just to give thanks yet again with the pleasing methods you’ve featured on this website. It is so wonderfully open-handed with you in giving easily what exactly some people might have advertised as an e-book to generate some money on their own, mostly considering that you could possibly have tried it if you ever decided. Those solutions in addition acted like the easy way to fully grasp that the rest have a similar fervor the same as my very own to know a good deal more related to this condition. I’m sure there are several more pleasant instances ahead for people who scan through your website. Aizen Power

  25. Tonic Greens

    I was wondering if you ever thought of changing the structure of your website? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having 1 or 2 images. Maybe you could space it out better?

  26. herpagreens

    Dead composed articles, thanks for selective information.

  27. Potent Stream

    This web page is mostly a walk-by means of for all of the info you wished about this and didn’t know who to ask. Glimpse right here, and you’ll positively discover it.

  28. Nice read, I just passed this onto a friend who was doing some research on that. And he actually bought me lunch because I found it for him smile So let me rephrase that: Thanks for lunch!

  29. Simply desire to say your article is as astounding. The clearness in your post is just cool and i can assume you are an expert on this subject. Well with your permission allow me to grab your RSS feed to keep updated with forthcoming post. Thanks a million and please keep up the rewarding work.

  30. java burn

    whoah this weblog is wonderful i like studying your posts. Stay up the great paintings! You know, a lot of people are hunting round for this info, you could aid them greatly.

  31. java burn reviews

    What is Java Burn? Java Burn is a unique and innovative product that enhances your morning coffee routine.

  32. Zencortex

    Of course, what a splendid site and illuminating posts, I definitely will bookmark your website.All the Best!

  33. tonic greens

    Hello! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me. Anyways, I’m definitely happy I found it and I’ll be book-marking and checking back frequently!

  34. java burn reviews

    What Is Java Burn? Java Burn is an herbal weight loss formula that comes in the form of sachets of fine powder.

  35. Serolean

    Great web site. Plenty of helpful info here. I’m sending it to a few friends ans also sharing in delicious. And naturally, thanks to your sweat!

  36. Sight Care review

    I was recommended this website by my cousin. I’m not sure whether this post is written by him as nobody else know such detailed about my difficulty. You’re amazing! Thanks!

  37. Lottery defeater

    Really nice style and design and great subject material, practically nothing else we want : D.

  38. Java Burn

    I’m no longer certain the place you are getting your info, but good topic. I must spend some time studying more or understanding more. Thanks for wonderful info I used to be on the lookout for this info for my mission.

  39. Aizen power

    You could definitely see your expertise in the work you write. The world hopes for even more passionate writers like you who aren’t afraid to say how they believe. Always go after your heart.

  40. zencortex reviews

    What is ZenCortex? ZenCortex is a cutting-edge dietary supplement meticulously crafted to provide essential nutrients that support and enhance healthy hearing

  41. I’ve been surfing on-line more than three hours lately, yet I by no means discovered any fascinating article like yours. It is pretty worth sufficient for me. In my opinion, if all webmasters and bloggers made good content as you did, the net will be much more helpful than ever before.

  42. Denticore

    Excellent blog here! Also your web site a lot up very fast! What host are you using? Can I get your associate hyperlink to your host? I wish my site loaded up as fast as yours lol

  43. Pineal XT

    It’s actually a nice and useful piece of information. I’m happy that you shared this helpful info with us. Please stay us up to date like this. Thank you for sharing.

  44. Puravive

    Really instructive and great structure of content material, now that’s user genial (:.

  45. Herpesyl Review

    Keep up the excellent piece of work, I read few content on this internet site and I believe that your website is real interesting and has got circles of great information.

  46. Sugar defender

    I’m truly enjoying the design and layout of your website. It’s a very easy on the eyes which makes it much more pleasant for me to come here and visit more often. Did you hire out a developer to create your theme? Great work!

  47. Sugar defender drops

    Hello.This post was extremely remarkable, particularly since I was browsing for thoughts on this subject last Wednesday.

  48. The Genius Wave Review

    Very interesting details you have noted, appreciate it for posting. “I never said most of the things I said.” by Lawrence Peter Berra.

  49. An interesting dialogue is value comment. I feel that you should write extra on this subject, it might not be a taboo topic however usually people are not enough to talk on such topics. To the next. Cheers

  50. Fitspresso review

    obviously like your website but you have to test the spelling on several of your posts. Several of them are rife with spelling issues and I find it very bothersome to tell the truth however I will certainly come again again.

  51. bigdewa

    You have mentioned very interesting details! ps decent website.

  52. e-commerce

    Wow, superb blog structure! How lengthy have you ever
    been blogging for? you made blogging look easy. The whole look of your site is excellent, as smartly as the content material!

    You can see similar here e-commerce

  53. Very interesting information!Perfect just what I was searching for! “The most wasted day of all is that on which we have not laughed.” by Sbastien-Roch Nicolas de Chamfort.

  54. When I originally commented I clicked the -Notify me when new comments are added- checkbox and now each time a comment is added I get four emails with the same comment. Is there any way you can remove me from that service? Thanks!

  55. Toronto Escort

    I am thankful that I observed this website, just the right info that I was looking for! .

  56. tlovertonet

    Hello there I am so glad I found your web site, I really found you by accident, while I was researching on Aol for something else, Regardless I am here now and would just like to say thanks a lot for a fantastic post and a all round exciting blog (I also love the theme/design), I don’t have time to browse it all at the moment but I have saved it and also included your RSS feeds, so when I have time I will be back to read a great deal more, Please do keep up the fantastic work.

Leave a Reply

Contact Us

Disclaimer

Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.