Shinzo Abe, the longest-serving Japanese Prime Minister in history, has suddenly resigned on August 28, citing health reasons.
Price has set a well-defined weekly opening-range just below downtrend resistance and were looking for the break. Here are the levels that matter on the USD/JPY charts.
The Yen‘s traditional haven role has seen it boosted by trade war and recession fears. However, with domestic inflation decelerating again, it’s gains put the Bank of Japan is in a very tricky spot.
The Japanese Yen inched closer to 2016 levels as US-China trade tensions and a collapse in the Argentine Peso soured sentiment. APAC shares may decline, further weakening AUD/USD.
The Japanese Yen got a very modest boost from the BoJs expected decision, perhaps as it contrasted with a more dovish Federal Reserve
The Japanese Yen was steady as the BoJ left its monetary settings alone and cut forecasts for both growth and inflation yet again.
The Japanese Yen faded a little as the central bank left its ultra-accommodative monetary settings alone and worried about an offshore slowdowns effects on Japan.