JPY Strengthens: Overview for December 04, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/USDJPY_5-360×360.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 has descended to the lows last seen on September 9.</p>

<p>The Japanese yen is showing considerable strength against the US dollar, with the current USD/JPY exchange rate at 146.83.</p>

<p>The yen's swift and robust performance has caught many off guard.</p>

<p>Despite a mixed fundamental outlook for the Japanese national currency with no clear positive factors, the Bank of Japan Policy Board delivered a clear message over the weekend: the regulator has not achieved an <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> growth rate justifiable by a rise in wages.</p>

<p>It's likely that the Bank of Japan will persist with its ultra-soft monetary policy in the foreseeable future, keeping the <a href="https://blog.roboforex.com/blog/2019/10/22/trading-news-how-to-earn-on-interest-rates/" data-internallinksmanager029f6b8e52c="90" title="Interest rate">interest rate</a> at a negative -0.10% per annum.</p>

<p>While the Japanese economy is displaying a mild recovery from a weak Q3, economic growth might remain restrained as the year concludes.</p>

<p>Expect minimal changes in the credit and monetary policy structure until spring.</p>

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<a href="https://my.roboforex.com/en/register/">Open Trading Account</a></p><p>The post <a href="https://blog.roboforex.com/blog/2023/12/04/jpy-strengthens-overview-for-december-04-2023/">JPY Strengthens: Overview for December 04, 2023</a> appeared first at <a href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>