USD/JPY Hits 152.00 Mark, Reaches Highest Level in Over Three Decades
US Dollar Strength and Yen Movement
It was a day of strength again for the US dollar, with yen a notable loser. As USD/JPY hit a high just short of 152.00, it reached its highest level since 1990.
Central Bank Insights
Comments from Bank of Japan policy board member Tamura favored continued policy tightening, contrasting with Governor Ueda who avoided discussing the weak yen. The lack of verbal intervention from other key figures contributed to the yen's movement in the market.
Australian and New Zealand Economic Updates
Australia's monthly CPI data showed a slight miss but remained above the target range. New Zealand revised its GDP forecasts downwards due to fiscal policy changes and a weaker economic outlook. China reported a significant increase in industrial profits, signaling positive trends in the manufacturing sector.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.