USD/JPY at ¥158.30, up ¥1 from the morning low as expectations for consecutive BOJ rate hikes recede

The story

Dollar-yen rose by slightly more than ¥1 on short covering after hitting a morning low of ¥157.34, reaching ¥158.30.

Expectations for consecutive Bank of Japan rate hikes are said to be receding, and government officials have reportedly expressed caution about an additional rate hike.

Views suggest that the weaker-yen, stronger-dollar trend, reflecting expectations of a widening Japan-US interest-rate differential, will continue. Some have also pointed to persistently high crude oil prices and hawkish remarks by senior Federal Reserve officials as factors behind the move.

The market is focused on future BOJ policy and US interest-rate trends, and further developments are expected to affect the market.

At a glance

TradingDollar-yen rose to ¥158.30

Morning priceThe morning low was ¥157.34

NatureReports say expectations for consecutive Bank of Japan rate hikes are receding

NatureReports say government officials have expressed caution about an additional rate hike

BackgroundOutlook for a weaker yen and stronger dollar, reflecting expectations of a widening Japan-US interest-rate differential

Reference information. Every claim resolves to something the story actually named.

What it links to

The Limits of BOJ Monetary Policy and Dependence on Government Economic MeasuresRelated1 companies

4746-0.4%

Toukei Computer Co.,Ltd.Perceived Limits to the Bank of Japan’s Monetary Policy and Expectations for Government Economic Measures

¥2,043

Where this came from

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