Japanese Yen falls near multi decade low

Japanese Yen falls near multi decade low

USD/JPY trades above163.90 on Thursday as the US Dollar (USD) strengthens following significantly better-than-expected United States (US) labor market data. US Initial Jobless Claims fell to 187K in the week ending July 18, well below market expectations of 212K and the previous revised reading of 209K. The result marked the lowest level since 1969, suggesting […]

Gradual appreciation path after extended weakness – Commerzbank

Gradual appreciation path after extended weakness – Commerzbank

Commerzbank’s Volkmar Baur notes that the Japanese Yen remains historically weak, with USD/JPY above 162 and EUR/JPY near 186, but still forecasts gradual appreciation over the coming quarters. The bank has revised its projections to a slightly weaker JPY near term, yet expects USD/JPY to fall toward 145 and EUR/JPY toward 175 by end-2027 as […]