What next for the soaring Japanese yen?

Australian Dollar Jumps Against Yen: Winners and Risks To Watch

Australian dollar jumps against the yen as rate gaps widen The Australian dollar has been on a tear against the Japanese yen, with AUD/JPY now testing the 108 level, its strongest in years. For Australian investors, this isn’t just a number on a screen. It reflects a widening gap between how Australia and Japan are…

What next for the soaring Japanese yen?

The Japanese yen has staged a strong comeback in the past few days as investors focused on its potential intervention and the latest actions by the Federal Reserve. The USD/JPY pair was trading at 153, down by 4% from its highest level this year. Concerns about Japanese yen intervention remain The USD/JPY exchange rate has been in focus in the past few weeks as concerns about the Japanese economy continued. It crashed last week after media repor…