Market Updates: BOJ Deputy Governor Weakens Japanese Yen (JPY)

The Bank of Japan remained in headlines during the Asian session and his remarks have weakened the JPY:

  • Effects Of Easing Outweighing Costs See No Demerits That Warrant Ending Current Easy Policy
  • Should Ease Policy Further Without Hesitation If Needed
  • BoJ Has Tools Left To Ease Policy If Needed

The USD/JPY plunged more than 100 pips on Tuesday and here comes the first move from BOJ. For now, the market is likely to trade the Japanese Yen with the bearish sentiment.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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