The USD/JPY falls to near 146.00 in Thursday’s European session.
USD/JPY drops to near 146.00 as Yen strengthens after BoJ’s hawkish Summary of Opinions. After global market mayhem, BoJ Uchida preferred to keep the interest rates on hold until markets stabilized. The US Dollar will be influenced by the weekly US jobless claims data.
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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