The Japanese Yen (JPY) oscillates in a narrow trading band near a multi-decade low during the Asian session on Tuesday and for now, seems to have stalled a two-day-old weakening trend against its American counterpart.
The Japanese Yen remains depressed near a multi-decade low amid the BoJ’s dovish outlook. The divergent Fed -BoJ expectations support prospects for a further JPY depreciation move. Intervention fears hold back the JPY bears from placing fresh bets and cap the USD/JPY pair. The Japanese Yen oscillates in a narrow trading band near a multi-decade low during the Asian session on Tuesday and for now, seems to have stalled a two-day-old weakening trend against its American counterpart.
Chicago Fed President Austan Goolsbee acknowledged on Monday that the US economy remains strong but wondered how long the central bank can be restrictive without damaging the economy. Technical Analysis: USD/JPY awaits a move beyond the 152.
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