The USD/JPY pair falls sharply to near 142.00 in Thursday’s North American session.
USD/JPY slumps to near 142.00 as the US Dollar corrects after the US PPI report release. The US headline and core PPI for August came in softer-than-expected. BoJ Tamura sees interest rates rising to at least 1%. The asset declines as the US Dollar faces selling pressure after the release of the softer-than-expected United States annual Producer Price Index data for August. The US Dollar Index , which tracks the Greenback’s value against six major currencies, corrects to near 101.60.
Japanese Yen FAQs What key factors drive the Japanese Yen? The Japanese Yen is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.
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