25 days ago • Posted by Paul de La Baume
#JPY hits new low #USD #USDJPY #forex #trading #markets
The Japanese yen (JPY) made a new low against the dollar this morning, after the momentum of a rising dollar continued based on the large differentials between the interest rates of the Bank of Japan and the US. Investors are ditching the yen to invest in dollars, where Treasury yields can provide a return. Adding to the yen's weakness, Japan reported disappointing household spending and wage data, which remains well short (too weak) of what is required for the Bank of Japan to consider moving away from its ultra-loose monetary policy.