Free Trial

Yen Weakens On BoJ Leadership Report, But Sees Little Follow Through

JPY

USD/JPY spiked above 131.70 on reports the ruling party could be divided if PM Kishida chooses a new BoJ head that points to a policy pivot. The Bloomberg report noted that there is likely to be division within the party if Kishida's choice is unlikely to stick to the current path of easy policy settings.

  • There hasn't been much follow through yen selling, we are back to 131.40, unchanged for the session. Earlier session highs close to 131.85 also remain intact.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.