USDJPY stay below 150 as hawkish BOJ in focus. The recent data showed a growing resurgence in japanese consumer confidence, which trader bet could push the BOJ into scaling back its ultra-loose policy. Analyst also see an end to the bank's negative interest rate in 2024
Any hawkish moves by the BOJ are expected to benefit the yen, which is one of the worst-performing asian currencies this year. Market were also watching for any intervention by the Japanese government in currency market, to support the yen...This will in-turn drag usdjpy more to the downside
Any hawkish moves by the BOJ are expected to benefit the yen, which is one of the worst-performing asian currencies this year. Market were also watching for any intervention by the Japanese government in currency market, to support the yen...This will in-turn drag usdjpy more to the downside