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- USD/JPY has ascended to a fresh high, nearing a three-week peak around the 145.00 level, fueled by the pronounced underperformance of the Japanese Yen.
- The Bank of Japan (BoJ) has maintained its benchmark interest rate steady at -0.1% and signaled a cautious approach, indicating a potential delay in implementing further interest rate hikes in the near term.
- The US Dollar is relinquishing a portion of its earlier gains as market participants await the release of key US Manufacturing Purchasing Managers’ Index (PMI) data, which could provide further insights into the health of the American economy.
The USD/JPY pair is experiencing a notable surge, climbing approximately 0.8% to trade near the 144.80 mark during Thursday’s European trading session. This upward momentum is largely attributed to the widespread weakness of the Japanese Yen (JPY) across the foreign exchange market. The Bank of Japan’s (BoJ) recent communication regarding a potential postponement of additional interest rate increases has further contributed to the Yen’s depreciation.
Japanese Yen PRICE Today
The subsequent table delineates the percentage change in value of the Japanese Yen (JPY) relative to a selection of major global currencies for the current trading day. Analysis reveals that the Japanese Yen has exhibited the most significant strength against the Canadian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.07% | -0.11% | 0.82% | 0.09% | 0.06% | 0.02% | 0.01% | |
| EUR | 0.07% | -0.04% | 0.92% | 0.13% | 0.13% | 0.09% | 0.07% | |
| GBP | 0.11% | 0.04% | 0.90% | 0.20% | 0.17% | 0.12% | 0.10% | |
| JPY | -0.82% | -0.92% | -0.90% | -0.75% | -0.76% | -0.85% | -0.89% | |
| CAD | -0.09% | -0.13% | -0.20% | 0.75% | -0.03% | -0.07% | -0.10% | |
| AUD | -0.06% | -0.13% | -0.17% | 0.76% | 0.03% | -0.04% | -0.05% | |
| NZD | -0.02% | -0.09% | -0.12% | 0.85% | 0.07% | 0.04% | -0.02% | |
| CHF | -0.01% | -0.07% | -0.10% | 0.89% | 0.10% | 0.05% | 0.02% |
The heat map visually represents the percentage changes between major currencies. The currency listed in the left column serves as the base currency, while the currency listed in the top row functions as the quote currency. For instance, selecting the Japanese Yen from the left column and tracing horizontally to the US Dollar will display the percentage change representing JPY (base)/USD (quote). This provides a quick visual assessment of relative currency performance.
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