JPY

Akazawa: BoJ's considering rate hike & govmnt aim to exit deflation are not contradictory

USD/JPY gives back all of its Himino gain

• The spike in USD/JPY didn't last

BOJ's Himino says rates will rise, but need to watch carefully for risks

• Yen weakening on Himino's speech

Japanese bank lending data for December 2024 +3.1% y/y (prior also +3.1%)

• Japanese firms have made borrowing great again

Japanese Futures Analysis for Today

• Bullish Above: 0.0063865. Bearish Below: 0.006382. A simple "map" for navigating JPYUSD on 13 Jan, 2025.

USDJPY Technical Analysis – The focus switches to the US CPI report

• The USDJPY pair fell back below the 158.00 resistance following the hot US NFP. What’s next?

Yen finding a bid on the Japanese market holiday

• USD/JPY has lost around 40 points from its earlier highs

BOJ reportedly still mulling over January monetary policy decision

• The yen gains on the headlines here

Toyota unions to aim for higher wages, better conditions

• Wage talks ahead in Japan

Japan Eco Min Akazawa: 'critical stage' in eradicating the public's deflationary mindset

• USD/JPY a little lower

Japan November Household Spending +0.4% m/m (expected -0.9%)

• Strong beat for Household Spending m/m, y/y not so impressive

USDJPY Technical Analysis – Slow price action ahead of the US NFP

• The USDJPY pair is trading above the 158.00 resistance although the price action remains rangebound. What’s next?

Many Japanese firms see need to keep hiking wages, says BOJ

• The Japanese central bank says a wide range of firms are of the view that they need to continue with wage hikes amid structural labour shortages

JPY remains supported after Japan base salaries saw their largest increase in 32 years

• Raising speculation of a Bank of Japan rate hike this month

Japanese yen gains momentum (just a bit!) as base wage growth hits 32-Year High

• Japan wages data has given a wee bid the yen