8 days ago • Posted by Ajmir Omid

#Dollar-yen climbed above 136 #usdjpy #boj #fx

The Japanese yen is in free fall, with the pair USDJPY hitting 136.30 its lowest point since late 1998! The weakness against other major currencies comes as the Bank of Japan has decided to stick to its loose policy contrary to its global counterparts, which are raising interest rates to fight inflation. The spike in USDJPY followed today's Japan's Prime Minister's intervention where he voiced his support for maintaining the current course of the monetary policy by the BoJ.