Japanese Yen stands tall near one-month top against USD on hawkish BoJ talks
Japanese Yen stands tall near one-month top against USD on hawkish BoJ talks
www.mitrade.com Japanese Yen stands tall near one-month top against USD on hawkish BoJ talks
The Japanese Yen (JPY) rallied to the highest level since early February against its American counterpart on Friday amid bets for an imminent shift in the Bank of Japan's (BoJ) policy stance.
■ The Japanese Yen continues to draw support from expectations for a hawkish BoJ pivot.
■ Bets for a June Fed rate cut undermine the USD and further exert pressure on USD/JPY.
■ An upward revision of Japan’s Q4 GDP print contributes to the offered tone on Monday.
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