Yen Rises Amid Risk Aversion
2023年10月30日 - 1:38PM
RTTF2
The Japanese yen strengthened against other major currencies in
the early European session on Monday amid risk aversion, as
investors turn cautious ahead of a busy week of central bank
meetings in the United States, Britain and Japan.
The highly anticipated Federal Reserve interest-rate decision is
due on Wednesday, with no change expected.
Traders expect the Bank of Japan to tweak its yield curve
control policy when it wraps up a two-day policy meeting on
Tuesday.
The Bank of England is to hold its penultimate meeting of the
year on Thursday, with economists anticipating a 'status quo policy
update.'
Meanwhile, Israel stepped up ground attacks on Hamas targets in
Gaza but held back from a full-on incursion, helping ease fears of
a wider Middle East conflict involving regional superpower Iran and
its proxies in Lebanon, Syria and Iraq.
In the European trading now, the yen rose to nearly a 4-week
high of 180.80 against the pound and a 2-week high of 165.40
against the Swiss franc, from early lows of 181.43 and 165.93,
respectively. If the yen extends its uptrend, it is likely to find
resistance around 178.00 against the pound and 160.00 against the
franc.
Against the euro and the U.S. dollar, the yen advanced to near
2-week highs of 157.71 and 149.28 from early lows of 158.24 and
149.82, respectively. The yen may test resistance around 155.00
against the euro and 147.00 against the greenback.
Looking ahead, Germany's GDP data for the third quarter, the
Bank of England's money and credit data for September, Eurozone
economic sentiment survey results for October are due to be
released in the European session.
In the New York session, U.S. Dallas Fed manufacturing index for
October is slated for release.
At 9:00 am ET, preliminary inflation data is due from Germany.
Consumer price inflation is forecast to ease to 4.0 percent in
October from 4.5 percent in September.
Euro vs Yen (FX:EURJPY)
FXチャート
から 6 2024 まで 7 2024
Euro vs Yen (FX:EURJPY)
FXチャート
から 7 2023 まで 7 2024