Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 54.76% of retail investor accounts lose money when trading CFDs / Spread betting with this provider. You should consider whether you understand how CFDs / Spread betting work and whether you can afford to take the high risk of losing your money.
Important Notice - Fraud awareness
Important Notice - Scam alert
54.76% of retail investor accounts lose money when trading CFDs / Spread betting with this provider.
Important Notice - Fraud awareness
Important Notice - Scam alert
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 54.76% of retail investor accounts lose money when trading CFDs / Spread betting with this provider. You should consider whether you understand how CFDs / Spread betting work and whether you can afford to take the high risk of losing your money.
Important Notice - Fraud awareness
Important Notice - Scam alert
The vast majority of retail investor accounts lose money when trading CFDs / Spread betting with this provider.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail investor accounts lose money when trading CFDs / Spread betting with this provider. You should consider whether you understand how CFDs / Spread betting work and whether you can afford to take the high risk of losing your money.
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Japanese Yen begins the week with strong bearish momentum

The Japanese Yen (JPY) had started the new week with a strong bearish momentum following the Bank of Japan (BoJ) offer to buy an unlimited amount of the 10-year JGBs at 0.25%.

The BoJ had earlier decided to intervene in buying the Japanese Government Bonds (JGBs) in the market to protect the 10-year old yields, which are now pushed aside by the higher treasury yields. The news of this purchase had immensely led to the devaluing of the JPY across all its pairing.

EUR/JPY has risen to a new ATH at 134.657, AUD/JPY reclaimed its six-year high at 92.406, CHF/JPY hit its ATH at 13.689, while GBP/JPY hit two years high at 161.698, etc.

The Japanese Yen fell as low as 122.78, recording its lowest point so far since 2015.

The Officials of the BOJ arrived at this decision of shortening the 10-year Japanese Government Bond policy interest rate as the best approach for expanding the 10-year interest rate range. They, therefore, considered their decision a form of tightening against inflation for the Yen within the years to come.

 

Is this the best time to buy Yen?

The Yen is currently at its lowest support for the past eight years. Many professional traders believe that the best way of catching opportunities in the market is to buy low and sell high. The Japanese Yen is currently at a shallow point, offering long-term investors a good buying opportunity.

 

US Dollar Dominates

The US Dollar has shown strong resilience in the market for 5 consecutive days. This comes following a delay in resolution from talks for a higher interest rate lasting longer than usual. The US Dollar index has remained high, reaching 99.1 just this Monday morning. This upward pressure seems to hold as the Fed Policymakers suggest tighter policies ahead. The dollar has similarly become the haven as the Russian-Ukrainian crisis persists.

Last Updated: 28/03/2022

This market commentary and analysis has been prepared for ATFX by a third party for general information purposes only. Any view expressed does not constitute a personal recommendation or solicitation to buy or sell as it does not take into account your personal circumstances or objectives, and should therefore not be interpreted as financial, investment or other advice, or relied upon as such. You should therefore seek independent advice before making any investment decisions. This information has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. We aim to establish and maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. The market data is derived from independent sources believed to be reliable, however we make no representation or warranty of its accuracy or completeness, and accept no responsibility for any consequence of its use by recipients. Reproduction of this information, in whole or in part, is not permitted.


 

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