Skip to main content

USD/JPY falls in Asian trading and here is why

The USD/JPY has just now fallen in Asian trading to a new interim low underneath levels that have held recent falls, at above 146.50. The low seen just now was set at 146.15 and it comes following a US close last night at 147.31. The reason for that is all about higher Japanese government bond (JGB) yields this morning. Those have lifted the most in a long while, by around 0.11% in the 10 year bond. This is all due to speculation that the Bank of Japan (BOJ) might move on interest rates, when they next meet, on December 19. This has sent the Yen higher across the board this morning, with all the major Yen crosses falling on the back of this fall in the USD/JPY. It is currently trading at 146.25
 

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!