Forex (SPOT)

USDJPY: Intraday Analysis & Forecast


The yen has had a whirlwind week, touching a one-year low against the dollar and 15-year low against the euro on Tuesday after the Bank of Japan tweaked its yield curve control policy. Kazuo Ueda, the central bank’s governor, will continue to dismantle its ultra-loose monetary policy and look to exit the decade-long accommodative regime next year, Reuters reported on Thursday. Ueda’s intentions are based on interviews with six sources familiar with the BOJ’s thinking, including government officials with direct interaction with the bank.

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