JPY

USD/JPY drops 50 points

• US equity index futures have had a big gap down to open the new week

USDJPY moves lower with the stocks and yields

• S&P moving below 100 day MA and 50% has the USDJPY moving lower. The pair tests the high of the next swing area target area.

USD/JPY sinks more than 2 full cents after non-farm payrolls

• USD/JPY down another two big figures

USDJPY Technical Analysis – The price is testing a critical support

• The USDJPY has reached a key trendline ahead of the US NFP report. What’s next?

Japan's Nikkei suffers worst daily decline since the Covid pandemic

• The Nikkei closes down by 5.8% under 36,000 for the first time since the end of January

Japan Industry Minister Saito says economic fundamentals aren't bad

• Japan Industry Minister Saito joins the chorus

More from Japan finance minister Suzuki: Need conviction Japan won’t go back to deflation

• Bit of scrambling going on to say something to stop the equity rout

Japan finance minister Suzuki closely watching stock prices, FX movements

• Busy chap

Japan chief cabinet secretary Hayashi says equity prices are determined in the market

• Comments on FX volatility also

Commerzbank hint at the potential for more Japanese intervention to support the yen

• See positives for JPY

MUFG revises BOJ rate outlook: Sees two more hikes this fiscal year, USD/JPY to mid-140s

• USD/JPY is down 17 pips to 149.81 today but well off the lows

USD/JPY catches a bounce back above 150.00 for now

• The low earlier in the day touched 148.50 in Asia trading

Marubeni CFO says expects a limited impact from the Bank of Japan rate hike

• Marubeni is a Japanese conglomerate

Japan chief cabinet secretary Hayashi says important for FX to more in stable manner

• USD/JPY wild swings continue

USD/JPY testing towards 149.00 as BOJ and Fed day repercussions continue