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Japanese yen fails to take comfort from Ueda presser

USD/JPY is up another 0.6% today to 141.15 at the moment but it isn't the best indicator of how the Japanese yen is falling apart especially towards the latter stages of this week. The squeeze started yesterday and it is gaining pace now as we see the yen fall to multi-year lows against European currencies in particular. EUR/JPY is up over 3% this week alone to its highest levels since 2008:Adding to the misery for the yen is the likes of GBP/JPY, which is also up 3% this week to 180.60 now - it... Read More

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Content Topics

Japanese

Fails

Take

Comfort

From

Ueda

Presser

Forex

Posted: Jun 16 2023, 07:18

Author Name: forexlive

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