USD/JPY (JPY=X)
| Previous close | 156.2780 |
| Open | 157.7050 |
| Bid | 157.6970 |
| Day's range | 157.6390 - 157.8120 |
| 52-week range | 133.6860 - 159.9610 |
| Ask | 157.7090 |
FX EmpireUSD/JPY Forecast – USD/JPY JPY Continues to Power Higher
The USD continues to crush the Japanese yen, as the interest rate differential isn’t going anywhere, and the Bank of Japan has essentially given up at this point, despite a potential intervention on Monday.
FX EmpireOcta’s Market Snapshot: The Fed Is Stuck Between Recession and High Inflation
On 30 April – 1 May, the Federal Open Market Committee (FOMC) of the U.S. Federal Reserve (Fed) will meet to decide on key interest rates in the U.S. economy. The Fed is expected to leave rates unchanged.
- Yahoo Finance Video
Yen rebounds against dollar as global central banks bifurcate
The Japanese Yen (JPY=X) touched its lowest level against the US dollar (DX=F) since 1990, which has prompted Japanese authorities to intervene to support the yen, according to The Wall Street Journal. The Yen has since rebounded from the drop, but what do the foreign exchange developments mean for US investors? Yahoo Finance Reporter Jared Blikre joins Catalysts to break down the Yen's movement and why US investors should pay attention. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
