Japanese Yen Stays Weak Near 161 as Long-End Yield Differentials Shift
National Bank of Canada analysts note the Japanese Yen remains weak against the US Dollar, trading near multi-decade lows around 161 per USD, despite long-end yield differentials moving in Japan’s favor.
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National Bank of Canada economists Stéfane Marion and Kyle Dahms point out that the Japanese Yen is trading near multi-decade lows around 161 per US dollar. The currency remains under pressure against the greenback.
Even as long-end yield differentials shift in Japan’s favor, the yen’s upside appears limited. The analysts highlight the persistent weakness despite this technical factor.
Source: FXStreet Forex News