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Back Fundamental analysis
USD/JPY growing despite headwinds - inflation acceleration in Japan and hawkish signals from Bank of Japan
On Monday, the yen reached a multi-month
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On Monday, the yen reached a multi-month record against the dollar, with USD/JPY dropping to 139.59 – the lowest level since July 2023. However, sellers could not sustain the price below the 140.00 target. Despite the general weakness of the greenback, the instrument began showing an uptrend. Today's events also did not assist the USD/JPY bears, as the pair continues to gather pace despite Japan's inflation acceleration and hawkish hints from the Japanese regulator. Overall, the yen has become a victim of inflated expectations that ultimately did
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Irina Manzenko,
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