JPY Regains Attention: Overview for December 11, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/USDJPY_8-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="USD/JPY analysis today" style="margin-bottom: 15px;" decoding="async" loading="lazy" /></div><p>The <a href="https://roboforex.com/beginners/info/charts/forex/usdjpy/" data-internallinksmanager029f6b8e52c="40" title="USD/JPY">USD/JPY</a> pair is stabilizing after last week's turmoil.</p>

<p>The Japanese yen is correcting against the US dollar on Monday. The current USD/JPY exchange rate stands at 145.50.</p>

<p>Last week was a triumph for the yen, but its victory over the USD was most likely linked to market repositioning. The JPY exchange rate climbed to highs not seen since August 7.</p>

<p>The catalyst for the yen's growth at that time was the comments of the Bank of Japan governor, Kazuo Ueda, who presented a six-month report on currency control, stating that managing the credit and monetary policy would become even more challenging.</p>

<p>This passage triggered a series of speculations that the BoJ was ready to raise the rates soon. However, one should not get carried away with assumptions. The BoJ has adopted a conservative approach to monetary policy in recent years, and it will remain careful in assessing <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a>. This implies that its fiscal policy will remain cautious.</p>

<p>The market is reducing the emotion associated with these assumptions, bringing the yen to relatively healthy levels.</p>

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