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US Dollar To Yen Rate Forecast: "Limited Scope For Move Higher" Say MUFG Analysts

From exchangerates.org.uk

Japanese Yen (JPY) exchange rates showed varying strength last month (May 2023), rising against the US dollar (USD) and Pound Sterling (GBP), but falling against the Euro (EUR). With markets closed for the weekend, the US Dollar to Yen (USD/JPY) exchange rate is quoted at 139.967 as of Sunday, June 4. The Euro to Japanese Yen exchange rate (EUR/JPY) is quoted at 149.87596 and Pound to Yen rate (GBP/JPY) is currently trading at 174.25192. The Bank of Japan's (BoJ) monetary stance remained unchanged as they didn't convene, keeping the key policy rate at -0.10% and the 10-year yield at around zero percent due to Yield ... (full story)

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  • Category: Fundamental Analysis