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The Japanese Yen (JPY) remains on the defensive against its American counterpart for the second straight day on Thursday and hovers near the weekly low during the Asian session, though lacks follow-through selling.
The Japanese Yen (JPY) extends the sideways consolidative price move during the Asian session on Wednesday and remains confined in a one-week-old range against its American counterpart.
Japanese Finance Minister Shunichi Suzuki said there will likely come a time when interest rates will begin to rise and affect the economy through various channels, according to the Nikkei newspaper on Saturday.
The Japanese Yen (JPY) ticks higher against its American counterpart for the second successive day on Thursday, albeit lacks follow-through and remains well within the striking distance of the YTD low touched earlier this week.
Bank of Japan (BoJ) Executive Director Tokiko Shimizu said on Thursday that inflation has so far been driven by cost-push factors.