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Japanese yen drifts, Powell & Yellen show - MarketPulse
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Japanese yen range-trading
January 26, 2021SharePrint
The Japanese yen continues to range-trade early in the week. Currently, USD/JPY is trading at 103.67, down 0.06% on the day.
BoJ minutes note concern over yen
There were no surprises from the Bank of Japan minutes, which provide a glimpse of the views of central bank policymakers. The minutes were from the December meeting, where the bank made no changes to monetary policy. Bank members trotted out concern about the usual suspects, namely, Covid-19 and inflation, with the latter situated well below the bank’s inflation target. What was of more interest was several members expressed uneasiness about the exchange rate, noting that the depreciation of the dollar against the yen “continued to warrant