Yen slips ahead of expected BoJ rate hike
In early Asian trading, the yen weakened versus the dollar and euro ahead of an expected Bank of Japan rate hike later in the session; USD/JPY was last at 156.19, down 0.1% on the day.
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In early Asian trading, the yen weakened versus the dollar and euro ahead of an expected Bank of Japan rate hike later in the session; USD/JPY was last at 156.19, down 0.1% on the day.
The Japanese yen weakened toward 155 per dollar on Tuesday, declining for a second consecutive session as the dollar strengthened ahead of an expected US Federal Reserve interest rate hike this week. The yen also faced pressure from rising oil prices, which increase import costs for Japan’s oil-dependent economy. Still