Green = Interest Rates.
Red = Nominal Spot Rate.
Blue = Effective Trade Weight Index.
The period runs from 1980 to 2023. The spot rate trading above the Effective Trade Weight Index is correct in any trade year or period because the Effective Trade Weight Index is factored to Oil and GDP for monthly releases to Imports and Exports.
The Green interest rate line represents pre 2016 negative rates.
USD/JPY Vs Effective Exchange Rate Index for June to represent the period from 1996 to 2023.
Blue = Nominal Spot Rate.
Orange = Effective Trade Weight Index.
Overall, fairly big move from June to December was seen early.
BOJ interest rates
BOJ Interest Rates dropped in 2008 /2009 then traveled to negative in 2016. From 2016, interest rates failed to move.
The period covers 1990 to 2023. As 2024 approaches and promises to central bank drops to interest rates, the BOJ will remain on hold and not move interest rates by 1 point.
Trading currencies and other financial instruments carries a degree of loss and possible loss of entire investments. Please managed your own risks, stop loss, and margins requirements.
Recommended Content
Editors’ Picks
EUR/USD falls to fresh daily lows below 1.0400 after upbeat US data
EUR/USD came under selling pressure early in the American session following the release of United States macroeconomic figures. The December ISM Services PMI unexpectedly surged to 54.1, while November JOLTS Job Openings rose to 8.1 million, also bearing expectations.
GBP/USD extends retracement, struggles to retain 1.2500
GBP/USD lost further traction and battles to retain the 1.2500 mark after hitting an intraday high of 1.2575. Stock markets turned south after the release of upbeat American data, providing fresh legs to the US Dollar rally.
Gold holds on to modest gains amid a souring mood
Spot Gold lost its bullish traction and retreated toward the $2,650 area following the release of encouraging US macroeconomic figures. Jumping US Treasury yields further support the US Dollar in the near term.
Bitcoin Price Forecast: BTC holds above $100K following Fed’s Michael Barr resign
Bitcoin edges slightly down to around $101,300 on Tuesday after rallying almost 4% the previous day. The announcement of Michael S. Barr’s resignation as Federal Reserve Vice Chair for Supervision on Monday has pushed BTC above the $100K mark.
Five fundamentals for the week: Nonfarm Payrolls to keep traders on edge in first full week of 2025 Premium
Did the US economy enjoy a strong finish to 2024? That is the question in the first full week of trading in 2025. The all-important NFP stand out, but a look at the Federal Reserve and the Chinese economy is also of interest.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.