Reported 8 months ago
In May and June, the Japanese Yen remained weak, with the trading volume of the Yen in the first five months on foreign exchange settlement platforms hitting a new high compared to the same period in previous years, reflecting continued strong demand for the Yen among Taiwanese citizens. Public banks suggest that the Yen may continue to fluctuate at low levels in the short term due to the cautious attitude of the Bank of Japan towards monetary tightening and hawkish signals from the Federal Reserve. Foreign banks believe that Japan may not raise interest rates until September or October, keeping the Yen relatively weak in the medium term.
Source: YAHOO