5:52 PM · 24 March 2022

🚀USDJPY above 122.00

One can observe the broad weakness of Japanese yen on Thursday. USDJPY pair jumped to the highest level since December 2015 as the outlook for monetary policy between Japan and the US varies significantly. BoJ Governor Kuroda recently again emphasized the need to maintain ultra-loose monetary policy to support Japan’s economic recovery. Meanwhile FED is turning more hawkish and many US policymakers indicated readiness to tighten policy more aggressively to combat inflation, even usually dovish Evans. Also elevated US bond yields underpinned the USD and provided additional fuel for the rally. Meanwhile, Japanese 10-year bond yield remains below 0.25%, which caused further widening of the US-Japanese bond yield spread, which puts additional pressure on JPY. Nevertheless traders should keep in mind that comments from NATO officials after today's meeting may have the biggest impact on the pair.

USDJPY pair managed to break above the psychological 122.00 level and if current sentiment prevails, an upward move may accelerate towards 123.90 where November 2015 highs are located. Source: xStation5

22 May 2026, 7:45 AM

Weak retail sales data from UK 🔎What's next for GBPUSD?

21 May 2026, 6:53 PM

Daily summary: Peace agreement draft lifts the market

21 May 2026, 2:54 PM

BREAKING: Mixed PMI from US

21 May 2026, 8:53 AM

Significant Weakness Following PMI Releases from France and Germany. ECB Hike Under Threat?

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits