USD/JPY Slips as Japan Minister Affirms BoJ Policy Autonomy, Easing Fiscal Intervention Fears
The Japanese yen held higher against the US dollar on Tuesday as Japan's Economy Minister Minoru Kiuchi said the central bank decisions remain independent, easing fears over fiscal pressure after the 10-year bond yield reached a fresh 30-year high of 2.84% on Monday. In Tuesday's G10 trading, the JPY rose against all other currencies. The next mild-impact event for the Japanese currency will be the Current Account data for May, due on Wednesday. For the USD, the mild event will be the Consumer Inflation Expectations for June, due later on Tuesday. The USD/JPY pair was trading at 161.93, with a 0.08% decline during Tuesday's American trading hours at the time of writing.
The Japanese yen held higher against the US dollar on Tuesday as Japan's Economy Minister Minoru Kiuchi said the central bank decisions remain independent, easing fears over fiscal pressure after the 10-year bond yield reached a fresh 30-year high of 2.84% on Monday.
In Tuesday's G10 trading, the JPY rose against all other currencies.
The next mild-impact event for the Japanese currency will be the Current Account data for May, due on Wednesday.
For the USD, the mild event will be the Consumer Inflation Expectations for June, due later on Tuesday.
The USD/JPY pair was trading at 161.93, with a 0.08% decline during Tuesday's American trading hours at the time of writing.