Japanese Yen Drops to Over One-Week Low Against USD Amid Discrepancies in BoJ and Fed Expectations

Friday, 15 March 2024, 02:01
The Japanese Yen (JPY) continued its downward trend against the US Dollar (USD) for the fourth consecutive day, hitting a more than one-week low in the Asian session. The weakening can be attributed to conflicting market expectations regarding the monetary policies of the Bank of Japan (BoJ) and the Federal Reserve (Fed). This divergence in BoJ-Fed expectations is influencing the currency markets and leading to the Yen's decline.
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Japanese Yen Drops to Over One-Week Low Against USD Amid Discrepancies in BoJ and Fed Expectations

Japanese Yen Weakens Against USD

The Japanese Yen (JPY) prolongs the descending trend against its American counterpart for the fourth straight day on Friday and drops to over a one-week low during the Asian session.

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.

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