JPY Hits Six-Week Lows: Overview for January 17, 2024

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/USDJPY_14-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="USD/JPY analysis today" style="margin-bottom: 15px;" decoding="async" /></div><p>The <a href="https://roboforex.com/beginners/info/charts/forex/usdjpy/" data-internallinksmanager029f6b8e52c="40" title="USD/JPY">USD/JPY</a> pair continues its upward trajectory with no signs of abating.</p>

<p>The Japanese yen faced a decline against the US dollar on Wednesday, resulting in the current USD/JPY exchange rate standing at 147.44.</p>

<p>The yen's current values mark the lowest since December 4 of the previous year. Various factors, including a robust US dollar and international influences, are exerting pressure on the Japanese national currency.</p>

<p>The increase in yields on US treasury bonds is contributing to the dollar's ascent. This development follows statements from Christopher Waller, a manager within the Federal Reserve System, suggesting that the Fed should exercise caution before considering monetary policy easing, waiting for greater clarity on the <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> situation.</p>

<p>The yen is further affected by a decline in domestic inflation, potentially delaying the Bank of Japan's plans to stabilize interest rates. Since the start of January, the yen has experienced a 4% decline, with domestic <a href="https://blog.roboforex.com/blog/2019/11/28/signals-on-forex-where-to-search-how-to-find-filter-and-create/" data-internallinksmanager029f6b8e52c="101" title="Signals">signals</a> indicating a likelihood of further downturn.</p>

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