Published: 2024-08-12T05:14:09.000Z
USD/JPY flows: Reversal continues
FX Analyst
1
Ex-Bank of Japan monetary policy board member Sakurai says he thought the Bank would be unable to hike again this year due to market volatility and the low likelihood of a rapid economic recovery.
USD/JPY continue to consolidate after the recent drop and rebounds higher to above 147 figure. Ex-Bank of Japan monetary policy board member Sakurai says he thought the Bank would be unable to hike again this year due to market volatility and the low likelihood of a rapid economic recovery. It is similar to our central forecast and is driving the USD/JPY higher for the session.
USD/JPY is trading 0.37% higher at 147.14.