Yen Dips Ahead of BOJ Moves, Japan Leadership Vote

JPY holds defensive ahead of LDP vote – BNY

The Japanese Yen (JPY) has taken a relatively defensive stance ahead of tomorrow’s LDP leadership vote.

Yen dips ahead of BOJ moves, Japan leadership vote

The Japanese yen eased on Friday, retreating from its strongest weekly rally in over four months, as investors weighed the possibility of further rate hikes by the Bank of Japan (BOJ) and closely watched the outcome of the Liberal Democratic Party (LDP) leadership election scheduled for the weekend. BOJ Governor Kazuo Ueda reaffirmed that the central bank would continue to raise interest rates if economic conditions and inflation trends develop …

Yen Pulls Back on Profit-Taking Ahead of LDP Vote, Dollar Steadies - Action Forex

Yen is paring back after a week of strong gains, as profit-taking sets in and domestic risk appetite strengthens. Japanese equities rallied sharply, driven by Hitachi’s announcement of a partnership with OpenAI to build AI data centers globally, bolstering optimism in the local market and easing demand for safe-haven flows. BoJ Governor Kazuo Ueda added […] The post Yen Pulls Back on Profit-Taking Ahead of LDP Vote, Dollar Steadies appeared firs…