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The Yen Starts to Rise

The Yen Starts to Rise

Back in October, the USD/JPY currency pair was holding at 151.95, which left the yen at its weakest level against the US dollar in 30 years.

Unstoppable inflation called into question the central bank’s view that rising costs were temporary, and that the economy needed another dose of stimulus. Late in November, analysts saw little hope interest rates would start rising any time before the end of Governor Haruhiko’s tenure, in April 2023.

By the new year, however, the yen was to... Read More

Posted: Feb 9 2023, 10:39
Author Name: forexlive
Views: 102743

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