USD/JPY: Japanese Yen retests the psychological threshold of 150
Updated
Finance Minister Shunichi Suzuki said Thursday that authorities were closely monitoring current developments and warned investors not to sell the yen.
The Bank of Japan's ultra-easy monetary policy is putting pressure on the Japanese yen as other central banks tighten policy at an unprecedented pace to curb inflation. Rising government bond yields and global inflation have pushed up Japanese government bond yields, putting pressure on the Bank of Japan to adjust its yield curve control (YCC) policy. The Bank of Japan has been adjusting its YCC policy for several months, and this may continue at next week's meeting.
The Bank of Japan's ultra-easy monetary policy is putting pressure on the Japanese yen as other central banks tighten policy at an unprecedented pace to curb inflation. Rising government bond yields and global inflation have pushed up Japanese government bond yields, putting pressure on the Bank of Japan to adjust its yield curve control (YCC) policy. The Bank of Japan has been adjusting its YCC policy for several months, and this may continue at next week's meeting.
Comment
USDJPY BUY 150.20- 150.10🟢TP: 150.50
🔴SL: 149.70
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