USD/JPY is a nearing levels that may prompt the Bank of Japan to start talking intervention. Tuesday’s rate decision and the Quarterly Outlook Report remain key for the Yen’s next move.
The current risk-on sentiment dominating a range of financial markets is adding to structural Yen weakness, leaving JPY at risk against a range of other currencies.
According to a Bloomberg report, Japanese Prime Minister Kishida is readying a 21.8 trillion Yen stimulus package, a move that may see the currency weaken further