Japan is back from a long weekend today, and Friday was a market holiday there.

Bank of Japan Governor Kuroda speaks with business leaders in Osaka later Monday, at 0530 GMT on September 26, 2022.

Due to the directives of the Bank of Japan (by the Japanese Ministry of Finance) to intervene in JPY

JPY

The Japanese Yen (JPY) is the official currency of Japan and at the time of writing it is the third most traded currency in the world after only the US dollar and the Euro. The Japanese yen is widely used as a reserve currency and forex traders rely on it as a safe haven currency. Originally implemented in 1871, the Japanese yen has had a long history and has survived several world wars and other events. This was followed by the establishment of the Bank of Japan (BoJ) in 1882 and the complete supervision of the Japanese yen by the Japanese government only in 1971, Japan has historically maintained a policy of currency intervention, continuing to this day. The Bank of Japan also adheres to the policy of zero to almost zero interest rates, and the Japanese government had previously pursued a strict anti-inflation policy, what factors affect the Japanese yen? Forex traders are watching any further changes in monetary policy by the central bank closely, in addition to this, the overnight call rate is the main short-term interbank rate. The Bank of Japan uses the purchase rate to indicate monetary policy changes, which in turn affect the Japanese yen, and the Bank of Japan also buys 10 and 20 year Japanese Government Bonds (JGBs) on a monthly basis in order to inject liquidity into the monetary system. The resulting yield on the benchmark 10-year JGBs helps as a leading indicator of long-term interest rates, and economic data is very important for the Japanese yen. The most important of these releases in Japan are Gross Domestic Product (GDP), Tankan Survey (Quarterly Business Outlook and Forecast Survey), International Trade, Unemployment Readings, Industrial Production, and Money Supply (M2 + CDs).

The Japanese Yen (JPY) is the official currency of Japan and at the time of writing it is the third most traded currency in the world after only the US dollar and the Euro. The Japanese yen is widely used as a reserve currency and forex traders rely on it as a safe haven currency. Originally implemented in 1871, the Japanese yen has had a long history and has survived several world wars and other events. This was followed by the establishment of the Bank of Japan (BoJ) in 1882 and the complete supervision of the Japanese yen by the Japanese government only in 1971, Japan has historically maintained a policy of currency intervention, continuing to this day. The Bank of Japan also adheres to the policy of zero to almost zero interest rates, and the Japanese government had previously pursued a strict anti-inflation policy, what factors affect the Japanese yen? Forex traders are watching any further changes in monetary policy by the central bank closely, in addition to this, the overnight call rate is the main short-term interbank rate. The Bank of Japan uses the purchase rate to indicate monetary policy changes, which in turn affect the Japanese yen, and the Bank of Japan also buys 10 and 20 year Japanese Government Bonds (JGBs) on a monthly basis in order to inject liquidity into the monetary system. The resulting yield on the benchmark 10-year JGBs helps as a leading indicator of long-term interest rates, and economic data is very important for the Japanese yen. The most important of these releases in Japan are Gross Domestic Product (GDP), Tankan Survey (Quarterly Business Outlook and Forecast Survey), International Trade, Unemployment Readings, Industrial Production, and Money Supply (M2 + CDs).
Read this term Last week, after its weakness above 145.70, you can expect some kind of notes from Kuroda today on the JPY. He will not talk about it.

ForexLive European FX News Brief: Japan steps in to buy yen, first time since 1998

USD/JPY update (Can you spot interference? ;-)):