Yen Firms on Faster BoJ Hike Expectations: MUFG
The Japanese yen has strengthened modestly against the US dollar as markets anticipate a quicker pace of Bank of Japan policy tightening, according to MUFG's Lee Hardman.
USDJPY
MUFG’s Lee Hardman said the yen has gained modest ground versus the dollar as markets price in a faster pace of Bank of Japan policy normalization.
The shift in BoJ expectations is providing support for the Japanese currency, even as traders continue to monitor upcoming policy signals.
Source: FXStreet Forex News