Dollar Rises as Asia FX Remains Muted Before BOJ Meeting
Wednesday, 18 September 2024, 21:09
The Japanese yen has seen its USDJPY pair rise by 0.6% to 143.12 yen, marking it as one of the worst-performing currencies in the Asia FX sector. This decline can be attributed to the rising strength of the dollar, which has exerted pressure on the yen. Market participants are aligning their strategies in anticipation of no significant changes in monetary policy from the Bank of Japan (BOJ), which is contributing to the muted sentiment across Asian markets.
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