Bitcoin jumps above $87,000, yen slides
Digest more
A vague outlook from Bank of Japan Governor Kazuo Ueda on Friday has given investors the nerve to add to their bets against the yen, which could soon put Japan's currency back at uncomfortably low levels for a government concerned it may already be too cheap.
The yen weakened against other G-10 and Asian currencies—despite the hawkish undertone to today’s hike, StoneX said.
The Bank of Japan plans its first rate hike in 11 months, with yen weakness, USD strength, and forward rates hinting at potential appreciation. Learn more here.
The yen fell against the dollar after the BOJ lifted its policy rate to 0.75% from 0.5% in a move that had been well telegraphed by policymakers, prompting traders to sell.
The Japanese Yen (JPY) is not having the best year-end. A combination of weak economic growth, concerns about government spending, and uncertainty about the Bank of Japan’s (BoJ) monetary policy path has created a perfect storm for the JPY, which has been one of the worst-performing major currencies in the last quarter of 2025.
The yen struck a record low against the offshore yuan this week, raising concerns about imported inflation in Japan where the central bank’s policy normalization remains gradual.
The yen weakened to the lower 156 level against the U.S. dollar on Friday after the Bank of Japan decided to raise its benchmark inte
The Japanese Yen (JPY) remains on the back foot against its American counterpart for the second straight day and pushes the USD/JPY pair to the 156.00 neighborhood, or the top end of the weekly range,
Bets on rising consumer prices in Japan are keeping a lid on bond yields when adjusted for inflation, in turn reducing their ability to support the yen.
The pound held steady against the euro and the dollar on Friday, after the Bank of England delivered an expected rate cut, while hitting its highest since 2008 against the yen, hit by profit-taking following a well-telegraphed Bank of Japan rate increase.