Yen Weakens as Ishiba Softens Rate Hike Stance, US Yields Rise
Japanese Yen weakened notably in early US session, reacting to rising US Treasury yields, which were boosted by stronger-than-expected US ADP job data. Adding to Yen’s decline, Japan’s new Prime Minister, Shigeru Ishiba, who was initially perceived as a monetary hawk, has softened his stance on interest rate hikes. After meeting with BoJ Governor Kazuo […] The post Yen Weakens as Ishiba Softens Rate Hike Stance, US Yields Rise appeared first on Action Forex.
Japanese Yen weakened notably in early US session, reacting to rising US Treasury yields, which were boosted by stronger-than-expected US ADP job data. Adding to Yen’s decline, Japan’s new Prime Minister, Shigeru Ishiba, who was initially perceived as a monetary hawk, has softened his stance on interest rate hikes. After meeting with BoJ Governor Kazuo […]
The post Yen Weakens as Ishiba Softens Rate Hike Stance, US Yields Rise appeared first on Action Forex.
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