Forex Today: Japanese Yen Hits 20-Year Low | USDJPY trading
Enter your emailThe Japanese Yen plummets to its lowest since 2002 as BoJ’s Koroda determined to “keep up powerful easing”.
The Forex market is at the center of attention as the USD/JPY currency pair powers to a new 20-year high. The Japanese Yen is weak as the Bank of Japan has signaled its determination to persist with a unique policy of strong monetary easing as it attempts to drive Japanese inflation up to reach its target of 2%, while almost all other major central banks are tightening monetary policy to combat overly high inflation rates., with the 5 and 10-year yields exceeding 3% for the first time since May.
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