Fed hawkish outlook weakens yen ahead of BOJ decision
The yen has been weakening this week as a hawkish Federal Reserve policy stance has overshadowed expectations of an imminent rate increase from the Bank of Japan. The trend could continue.
TOKYO--The yen has weakened this week as the Federal Reserve’s hawkish policy stance has outweighed expectations that the Bank of Japan could raise rates soon. The move could persist. The yen’s decline contrasts sharply with the gains it posted earlier this month.