What's Happening with JPY?: Overview for December 14, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/USDJPY_10-360×360.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 has tumbled to a five-month low.</p>

<p>On Thursday, the Japanese yen is surging against the US dollar, with the current USD/JPY exchange rate at 141.62.</p>

<p>A political scandal is unfolding in Japan, amplifying market expectations for a swift revision in monetary policy and offering an accessible exit from the present quantitative easing format. This potential move could ease the transition away from the ultra-soft <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> phase.</p>

<p>The focal point is the disintegration of the Abe Fraction, the once-dominant ruling political party previously led by ex-Prime Minister Shinzo Abe. The current Prime Minister, Fumio Kishida, recently announced cabinet changes in response to a fundraising scandal, aiming to avert its repercussions. This reshuffle might result in the removal of influential figures who historically influenced the Bank of Japan.</p>

<p>Legally, the BoJ is independent of governmental influence when determining credit and monetary policy. However, political pressures have been historically present and influential.</p>

<p>These unfolding events deserve close attention. Currently, the situation seems to be tilting toward cabinet changes, which could have a positive impact on the JPY.</p>

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