The Yen's Decline Accelerates – Overview for August 16, 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" decoding="async" loading="lazy" style="margin-bottom: 15px;" /></div><p><a href="https://roboforex.com/beginners/info/charts/forex/usdjpy/" data-internallinksmanager029f6b8e52c="40" title="USD/JPY">USD/JPY</a> Set to Sustain its Ascending Trajectory.</p>
<p>The Japanese Yen in conjunction with the US Dollar is experiencing a rapid depreciation. The existing USD/JPY exchange rate is now positioned at 145.49.</p>
<p>The JPY exchange rate continues to be subject to considerable pressure, attributable to 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> disparity and monetary sentiment. This <a title="<div class="wpg-tooltip-content"><p>A trend is a direction in which the market or the price of an instrument is moving. Trends can be upward, downward or sideways and are common to all types of markets.</p></div>" href="https://blog.roboforex.com/glossary-terms/trend/">trend</a> persists despite a marginal alteration in the Bank of Japan's monetary policy.</p>
<p>For Q2 2023, Japan's <a href="https://blog.roboforex.com/blog/2019/10/29/trading-news-how-to-make-money-on-gdp/" data-internallinksmanager029f6b8e52c="93" title="GDP">GDP</a> exhibited a remarkable 1.5% q/q growth, surpassing both the anticipated 0.8% expansion and the previous 0.7% increment. On a year-over-year basis, the Japanese economy surged by an impressive 6.0%, doubling the initial expectations.</p>
<p>The weakened Yen appears to have significantly bolstered export-oriented companies, thereby contributing considerably to the country's fiscal resources. Consequently, this has facilitated the maintenance of infrastructure and social outlays.</p>
<p>At present, devaluation remains the predominant and viable course of action for the JPY.</p>
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