Traders braced for further yen weakness ahead of BoJ meeting

yen-japan

The sharp weakening of the yen in the wake of the Japanese elections in December has been the big currency move of recent weeks, and many banks are cautiously positioning themselves short yen ahead of this week's much-anticipated monetary policy meeting at the Bank of Japan (BoJ).

USD/JPY, which was trading at 84 on December 24, had risen to 89.82 by January 18, according to data from Thomson Reuters, while EUR/JPY rose from 111 to 120.85 during the same period. Although the yen has clearly been

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: