• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Forex Brokers
  • Best Forex Robots
  • Best Forex Signals
  • Best Managed Accounts

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

Japanese Yen Depreciates to Weakest Against Dollar in Seven Years

March 28, 2022 by Forex Winner Leave a Comment

Japanese Yen

Source: Financial Times

The Japanese yen plunged to its weakest level against the US dollar in seven years on Monday after its central bank offered to boost its bond-buying program. EWJ is down 1.74%.

  • The yen depreciated by over 2% to reach ¥125 versus the dollar, with traders expecting more weakness.
  • The currency has already dropped by over 7% so far this month, making March its worst in six years since 2016.
  • The depreciation comes after the Bank of Japan offered to purchase unlimited 10-year government bonds.
  • The boost in the bond-buying program is in a bid to prevent benchmark debt yields from growing above its policy target.
  • Yields reached 0.245% for the first time in six years since January 2016, hitting the upper band of the yield curve control policy.
  • Strategists believe the latest move is “policy divergence on steroids,” with the central bank aiming to stop bonds from being driven higher.

And here is a golden tip

Want to profit from forex news? These forex robots earned the best historical yields to investors. Check out Best Forex Robots

Filed Under: Forex News Tagged With: Dollar, Japan, Yen

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

+ forty five = forty seven

Primary Sidebar

Latest News

EU Consumer Confidence Plunges Lower, Eurozone Picks Up

EU Consumer Confidence Plunges Lower, Eurozone Picks Up

May 20, 2022

German Producer Inflation Quickens to Record High as Energy Prices Climb Further

German Producer Inflation Quickens to Record High as Energy Prices Climb Further

May 20, 2022

Great Britain Retail Sales Rebounds as Buying Activity Climbs

Great Britain Retail Sales Rebounds as Buying Activity Climbs

May 20, 2022

Best Forex Robots

  1. Happy Forex 8.0
  2. Forex Fury 7.7
  3. Promax Gold EA 6.8
  4. Gump EA 6.4
  5. Forex inControl Reborn 6.0

Footer

Forex Broker Reviews

Darwinex

Darwinex Review

May 14, 2020 By Forex Winner

lmfx

LMFX Review

December 23, 2019 By Forex Winner

forex armor

Hantec Markets Review

January 22, 2020 By Forex Winner

Forex Robot Reviews

Genius Asset Review

Genius Asset Review

May 19, 2022 By Forex Winner

My Forex Path Review

My Forex Path Review

May 12, 2022 By Forex Winner

Powerhouse EA

Powerhouse EA Review

April 29, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2022 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure