The USD/JPY recovers its intraday losses and returns to the day’s high of 148.20 in Tuesday’s North American session.
USD/JPY pares intraday losses and recovers above 148.00 amid firm US Dollar. Investors shift their focus to the US inflation data for September. A decline in Japan’s Overall Household Spending would diminish BoJ’s rate hike bets. The major gains as the US Dollar strives to extend its upside. The US Dollar Index , which tracks the Greenback’s value against six major currencies, holds onto gains near a seven-week high of 102.50.
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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