Reported about 4 hours ago
Yen traders are increasingly focusing on Japanese economic data as the Bank of Japan signals potential interest rate hikes, marking a shift in market sentiment. Previously, traders largely ignored Japanese data due to ongoing monetary easing, but recent currency fluctuations reflect a growing sensitivity to economic indicators. With stronger wage growth and GDP figures supporting the BOJ's plans, expectations for yen appreciation are rising, although a wide-rate gap with the US still poses challenges.
Source: YAHOO