Japanese Yen Latest – Exports Hit Record Levels, USD/JPY Testing 150 Again
USD/JPY is trading on either side of 150 on a marginally weaker Japanese Yen after balance of trade data showed Japanese exports booming.
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USD/JPY is trading on either side of 150 on a marginally weaker Japanese Yen after balance of trade data showed Japanese exports booming.
USD/JPY is a nearing levels that may prompt the Bank of Japan to start talking intervention. Tuesday’s rate decision and the Quarterly Outlook Report remain key for the Yen’s next move.
Mixed messages from the Bank of Japan this week over the future course of monetary policy is boosting the Japanese Yen against a range of currencies
The current risk-on sentiment dominating a range of financial markets is adding to structural Yen weakness, leaving JPY at risk against a range of other currencies.
According to a Bloomberg report, Japanese Prime Minister Kishida is readying a 21.8 trillion Yen stimulus package, a move that may see the currency weaken further