- The USD/JPY falls about 143.00 in the midst of the Japanese Yen fortress before BOJ’s policy on Thursday.
- The BOJ is expected to maintain stable rates at 0.5% in the midst of uncertainty about how Trump’s tariff policies will shape global economic perspectives.
- Us Besent has indicated that the ball is on China’s roof when asked about The development of commercial conversations between the US and China.
The USD/JPY pair falls sharply about 143.00 during the American hours of Monday. The torque decreases as Japanese (JPY) is negotiated with force at the beginning of the week, with investors waiting for the Bank of Japan’s monetary policy (BOJ) on Thursday.
And in Japanese price today
The lower table shows the rate of change of Japanese Yen (JPY) compared to the main currencies today. Yen Japanese was the strongest currency against the Swiss Franco.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.04% | -0.39% | -0.34% | -0.12% | -0.13% | -0.01% | -0.12% | |
| EUR | -0.04% | -0.49% | -0.41% | -0.18% | -0.27% | -0.06% | -0.18% | |
| GBP | 0.39% | 0.49% | 0.08% | 0.33% | 0.20% | 0.43% | 0.32% | |
| JPY | 0.34% | 0.41% | -0.08% | 0.26% | 0.25% | -1.07% | 0.49% | |
| CAD | 0.12% | 0.18% | -0.33% | -0.26% | -0.13% | 0.11% | 0.00% | |
| Aud | 0.13% | 0.27% | -0.20% | -0.25% | 0.13% | 0.22% | 0.09% | |
| NZD | 0.00% | 0.06% | -0.43% | 1.07% | -0.11% | -0.22% | -0.12% | |
| CHF | 0.12% | 0.18% | -0.32% | -0.49% | -0.01% | -0.09% | 0.12% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the Japanese yen from the left column and move along the horizontal line to the US dollar, the percentage change shown in the picture will represent the JPY (base)/USD (quotation).
On Monday, Japanese markets remained closed on the occasion of Showa’s day.
This week, the BOJ is expected to maintain interest rates at its current levels of 0.5% per second time. Therefore, investors will pay special attention to the monetary policy statement and the press conference of the Bank governor, Kazuo Ueda, to know if the Central Bank will increase short -term interest rates.
Investors doubt that the BOJ raises their interest rates soon, since the tariffs announced by the president of the United States (USA), Donald Trump, decrease the growth of the Gross Domestic Product (GDP) of Japan. However, increasing inflation pressures maintain the doors of a well -open restrictive monetary policy.
The Japan Statistics Office reported Friday that the Tokyo Consumer Price (CPI) index, excluding fresh foods, increased at a robust pace of 3.4% in March, compared to estimates of 3.2% and the previous publication of 2.4%.
Meanwhile, the US dollar (USD) drops slightly amid the uncertainty about commercial conversations between the US and China. During the negotiation hours in North America on Monday, the comments of the Secretary of the US Treasury, Scott Besent, have indicated that the perspectives of trade between the US and China are in the hands of Beijing. “I think it depends on China Descalar, because they sell us five times more than we sell them,” Besent said in an interview in CNBC box and added, so these 120% tariffs, 145% are unsustainable. These comments arose after Besent was asked about progress in commercial conversations with China and how long the highest tariffs of both nations will be maintained. Besent added that Chinese exemptions show “that they want to descale in commerce.”
Last week, China declared that it is considering suspending additional tariffs on imports of medical equipment and some US industrial chemicals.
And in Japanese faqs
The Japanese Yen (JPY) is one of the most negotiated currencies in the world. Its value is determined in general by the march of the Japanese economy, but more specifically by the policy of the Bank of Japan, the differential between the yields of the Japanese and American bonds or the feeling of risk among the operators, among other factors.
One of the mandates of the Bank of Japan is the currency control, so its movements are key to the YEN. The BOJ has intervened directly in the currency markets sometimes, generally to lower the value of YEN, although it abstains often due to the political concerns of its main commercial partners. The current ultralaxy monetary policy of the BOJ, based on mass stimuli to the economy, has caused the depreciation of the Yen in front of its main monetary peers. This process has been more recently exacerbated due to a growing divergence of policies between the Bank of Japan and other main central banks, which have chosen to abruptly increase interest rates to fight against inflation levels of decades.
The position of the Bank of Japan to maintain an ultralaxa monetary policy has caused an increase in political divergence with other central banks, particularly with the US Federal Reserve. This favors the expansion of the differential between the American and Japanese bonds to 10 years, which favors the dollar against Yen.
The Japanese Yen is usually considered a safe shelter investment. This means that in times of tension in markets, investors are more likely to put their money in the Japanese currency due to their supposed reliability and stability. In turbulent times, the Yen is likely to be revalued in front of other currencies in which it is considered more risky to invest.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
