The Japanese Yen attracts some buyers after verbal intervention from government authorities.
Signs of easing inflation in Japan raise doubts about additional BoJ interest rate hikes this year.
Bets for smaller rate cuts by the Fed underpin the USD and should lend support to the USD/JPY.
The Japanese Yen (JPY) edges higher against its American counterpart during the Asian session on Friday and for now, seems to have snapped a two-day losing streak to its lowest level since early August touched the previous day. The JPY strengthened a bit in reaction to verbal intervention from Japanese authorities and stronger domestic inflation data, which provides the Bank of Japan (BoJ) room to raise interest rates.
Investors, however, seem convinced that the BoJ will forgo raising interest rates again this year amid uncertainty over the new political leadership's preference for the monetary policy and ahead of the general election on October 27. This, along with a positive risk tone, should keep a lid on any meaningful JPY appreciation on the back of the underlying strong bullish sentiment surrounding the US Dollar (USD).
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
이 글이 마음에 드시나요? 작성자에게 팁을 보내 감사의 마음을 전하세요.
