- News and analysis
- Japanese Yen is Seen to be Largely Unchanged
Japanese Yen is Seen to be Largely Unchanged
The Japanese Yen remains unchanged against the US Dollar after inflation data in Japan met expectations. The USDJPY continues to run within the range of 134-135. The Japanese currency may rise ahead of the Bank of Japan’s (BoJ) meeting this week. However, the pair may extend its trading range to 133-137 this week. It could be related to the changes inside BoJ after new governor Kazuo Ueda took office. The Consumer Price Index in Japan in March rose by 3.2% year-on-year, which is in line with expectations, but slightly below February readings of 3.3%. Headline inflation eased from a four-decade high of 4.3% in January, but is still short of the BoJ’s 2% target. The BoJ will meet on April 27-28, and this will be the first meeting of Japan's new central bank governor, Kazuo Ueda, as the chairman. During his inaugural press conference, he said there was no rush to change the ultra-soft policy settings, including control over the yield curve. This fact added doubts as to whether the BoJ will make changes to its monetary policy. This means that we do not expect a strong change in the Dollar-Yen exchange rate.
The comments, insights, and reviews posted in this section are solely the opinions and perspectives of authors and do not represent the views or endorsements of RHC Investments or its administrators, except if explicitly indicated. RHC Investments provides a platform for users to share their thoughts on financial market news, investing strategies, and related topics. However, we do not guarantee the accuracy, completeness, or reliability of any user-generated content.
Investment Risks and Advice:
Please be aware that all investment decisions involve risks, and the information shared on metadoro.com should not be considered as financial advice. Always conduct thorough research, seek professional advice, and exercise caution when making investment decisions.
Moderation and Monitoring:
While we strive to maintain a respectful and informative environment, we cannot endorse or verify the accuracy of all user-generated content. We reserve the right to moderate, edit, or remove any comments or posts that violate our community guidelines, infringe on intellectual property rights, or contain harmful content.
By submitting content to metadoro.com, users grant RHC Investments a non-exclusive, royalty-free license to use, display, and distribute the content. Users are responsible for ensuring they have the necessary rights to share the content they post.
To maintain a positive and respectful community, users are expected to adhere to the community guidelines of Metadoro. Any content that is misleading, offensive, or violates applicable laws and regulations will be subject to moderation or removal.
Changes to Disclaimer:
We reserve the right to update, modify, or amend this disclaimer at any time. Users are encouraged to review this disclaimer periodically to stay informed about any changes.