The USD/JPY pair trades inside Thursday’s trading range below the psychological figure of 150.00 in Friday’s late Asian session.
USD/JPY extends its losing streak for the fourth trading session and shifts below 150.00 ahead of US NFP . The US NFP report is expected to show slowing labor demand, a decline in wage growth, and a steady Unemployment Rate. BoJ’s hawkish monetary policy sparked strength in the Japanese Yen. The asset remains on the backfoot as Fed eral’s Reserve’s expected dovish guidance on interest rates has dampened the US Dollar’s appeal.
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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