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Yen’s Mild Recovery Overshadowed by Risk-On Sentiment; Euro, Swiss Franc Trail Closely in Underperformance
Japanese yen made a modest recovery today, bolstered by yet another month of robust consumer inflation data. However, this uptick in the currency was held back by strong risk-on sentiment prevalent in Japan, with Nikkei surging to a 33-year high. BoJ’s continued commitment to its ultra-loose monetary policy also put a damper on Yen’s rise, […] The post Yen’s Mild Recovery Overshadowed by Risk-On Sentiment; Euro, Swiss Franc Trail Closely in Underperformance appeared first on Action Forex...
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Posted: May 19 2023, 06:40
Author Name: actionforex
Views: 110896