The Japanese Yen takes a dip, but your wallet’s still in good shape
The yen slid a touch against a pile of big-name currencies early today as traders are all ears for the Bank of Japan’s big Friday meeting. Everyone’s hoping it will keep rates where they are.
Why the market’s biting on the dollar
- Fed’s hawkish tone routed in a stronger dollar.
- A quick rebound in yen yesterday was knocked back as the dollar flexed its muscles.
What’s the BoJ’s next move likely to be?
Heads up, investors: the focus is eye‑taping any hint that the BoJ might trim its monthly bond buying. If that happens, the yen could get a breather from the heavy selling pressure.
Japanese treasury yields – the slow fade
Yields are still taking a tumble from their May high. Unless the BoJ goes a bit hawk‑ish next week, they might keep sliding, which could add an extra pinch on the yen.
Will the yen make a comeback?
There’s a possibility of intervention if the yen dives into the low valley it hit in April. But for now, keep your socks inside the currency jackets – the market may not lean that way yet.
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