
- The Japanese Yen jumps to over a one-month top against the USD amid BoJ rate hike bets.
- Expectations for a further narrowing of the Japan-US rate differential also underpin the JPY.
- Worries about Trump’s trade tariffs hitting Japan and a positive risk tone might cap the JPY.
The Japanese Yen (JPY) retains bullish bias through the early European session on Wednesday, with the USD/JPY pair hanging just above the 153.00 mark or its lowest level since December 13. A rise in Japan’s real wages reaffirms bets that the Bank of Japan (BoJ) will raise interest rates again, which,
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