USDJPY: Yen appreciates ahead of BOJ meeting
With the yen weaker than it was last week when it reached a one-year high of 150.78, USD/JPY dropped 0.1% to 149.50.
The focus will be on the BOJ meeting's conclusion on Tuesday, when it is anticipated that the central bank would make additional announcements regarding its policy to manage the yield curve. High rates of inflation and the sharp fall in the value of the Yen are problems facing this product.
A revival of Japanese consumer inflation is indicated by recent data, and this could lead the Bank of Japan to announce plans to tighten its incredibly lax policy.
The focus will be on the BOJ meeting's conclusion on Tuesday, when it is anticipated that the central bank would make additional announcements regarding its policy to manage the yield curve. High rates of inflation and the sharp fall in the value of the Yen are problems facing this product.
A revival of Japanese consumer inflation is indicated by recent data, and this could lead the Bank of Japan to announce plans to tighten its incredibly lax policy.
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