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.
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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.
