Japanese Yen Slides on BoJ Uncertainty as USD/JPY Nears 148.00 Barrier

GBP/JPY revisits 200.00 as Japanese Yen weakens on BoJ policy uncertainty

The GBP/JPY pair reclaimed the key 200.00 mark during Tuesday’s Asian session, supported by broad Japanese Yen (JPY) underperformance as doubts grow over the Bank of Japan’s (BoJ) next policy move. Concerns about Japan’s domestic economy continue to weigh on expectations for further BoJ tightening. Last week, policymaker Junko Nakagawa cautioned that “many uncertainties remain,” […] The post GBP/JPY revisits 200.00 as Japanese Yen weakens on BoJ…

Japanese Yen slides on BoJ uncertainty as USD/JPY nears 148.00 barrier

The Japanese Yen (JPY) extends its steady intraday descent through the Asian session on Tuesday amid the uncertainty over the likely timing of the next interest rate hike by the Bank of Japan (BoJ).