Japanese Yen: Weakens as Dollar rally extends – MUFG
Michael Wan at MUFG reports that the Japanese Yen (JPY) has borne the brunt of renewed US Dollar (USD) strength following hotter United States (US) inflation data. USD/JPY climbed toward prior highs as markets priced in additional Federal Reserve (Fed) tightening.
The Japanese Yen is likely to weaken further against the US Dollar as markets anticipate continued Federal Reserve tightening. USD/JPY may test new highs in the short term.
Michael Wan at MUFG reports that the Japanese Yen (JPY) has borne the brunt of renewed US Dollar (USD) strength following hotter United States (US) inflation data. USD/JPY climbed toward prior highs as markets priced in additional Federal Reserve (Fed) tightening.
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