USD Weakening and JPY Strengthening Showcases Divergent Central Bank Expectations
Saturday, 9 March 2024, 12:16
USD Weakens, JPY Strengthens
The Dollar and Yen had contrasting fortunes last week, driven by differing central bank expectations.
USD Performance
The Dollar emerged as the weakest performer, as markets anticipate the Fed's first rate cut in June amid a cooling US job market.
JPY Performance
The Yen staged a powerful rally, with analysts predicting a rate increase by the Bank of Japan, positioning it as the best performer of the week.
- Market expectations favoring USD weakening and JPY strengthening
- Fed's potential rate cut contrasting with BoJ's likely rate increase
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.