JAPANESE YEN MOVES BACK CLOSER TO MULTI-WEEK TOP AGAINST USD

JAPANESE YEN MOVES BACK CLOSER TO MULTI-WEEK TOP AGAINST USD
JAPANESE YEN MOVES BACK CLOSER TO MULTI-WEEK TOP AGAINST USD

JAPANESE YEN MOVES BACK CLOSER TO MULTI-WEEK TOP AGAINST USD

The Japanese Yen (JPY) strengthens against the US Dollar (USD), pulling the USD/JPY pair below mid-154.00s.

Investor expectations of further Bank of Japan (BoJ) rate hikes support the JPY.

The narrowing US-Japan yield differential drives flows toward the lower-yielding JPY.

The Federal Reserve's hawkish pause could provide support for the USD and limit losses for USD/JPY.

Concerns over potential trade war risks due to US President Trump’s policies may restrain JPY gains.

The upcoming European Central Bank (ECB) meeting may add volatility and impact demand for the JPY.