| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107251.5500000000 |
| ETH | $2430.4260000000 |
| BNB | $649.1998200000 |
| XRP | $2.1821480000 |
| ADA | $0.5617808000 |
| SOL | $149.9494000000 |
| DOGE | $N/A |
| DOT | $3.3877000000 |
| LTC | $86.3774000000 |
| LINK | $13.3116600000 |
Category: CRYPTO NEWS
The post Japanese Yen reverses part of Friday’s gains against USD after BoJ Ueda’s remarks appeared on BitcoinEthereumNews.com. The Japanese Yen struggles to capitalize on Friday’s recovery from a multi-month low. BoJ Governor Ueda offered no cues about a December rate hike and weighed on the JPY. Intervention fears and subdued USD price action might cap gains for the USD/JPY pair. The Japanese Yen (JPY) drifts lower against its American counterpart and reverses a part of Friday’s recovery from the lowest level since July 23 following Bank of Japan (BoJ) Governor Kazuo Ueda’s remarks. Ueda offered no cues about a December rate hike, which seems to have disappointed investors and weighed on the JPY. Apart from this, a generally positive risk tone is seen as another factor undermining demand for the safe-haven JPY. That said, speculations that Japanese authorities might intervene in the FX market to prop up the domestic currency hold back JPY bears from placing aggressive bets. This, along with subdued US Dollar (USD) price action, could act as a headwind for the USD/JPY pair and cap gains. Traders might also prefer to wait on the sidelines and look forward to BoJ Governor Ueda’s media conference at 04:45 GMT for some meaningful impetus. Japanese Yen attracts fresh sellers after BoJ Governor Ueda’s not-so-optimistic comments Bank of Japan Kazuo Ueda said this Monday that the central bank will continue to raise policy rates, adjust the degree of monetary support if the economy, and prices move in line with the forecasts. Ueda added that Japan’s economy is recovering moderately albeit there are some weak signs, and that the timing of the rate hike will depend on economic, price, and financial outlook. Japan’s Finance Minister Katsunobu Kato warned on Friday that the government will scrutinize the FX market with very high vigilance and take appropriate action against excessive moves. US President Joe Biden authorized Ukraine to use US-supplied long-range…
2024-11-18T03:29:14+00:00