Now that we're in a new month, it is time to take a little peek at how the U.S. dollar is faring against the Japanese yen. This should be of particular interest to those planning on taking a vacation trip to Japan this month.
According to Trading News:
USD/JPY Extends Toward ¥157 as Japan’s Finance Minister Warns of “Non-Fundamental” FX Swings and Markets Eye Intervention
The USD/JPY pair traded close to ¥156.70 after Japan’s Finance Minister Satsuki Katayama stated that recent yen volatility “is not moving based on fundamentals.” Speaking on Fuji TV, Katayama emphasized that stability reflecting economic reality is essential, signaling Tokyo’s rising discomfort with the yen’s slide. The remark followed a sharp monthly depreciation that erased earlier gains and positioned the yen near its weakest level since the summer, as traders priced in persistent policy divergence between the Federal Reserve and the Bank of Japan (BoJ).
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