USDJPY Ticks Higher as Nikkei Plunges in Routine Trading
A brief market snapshot shows USD/JPY edging 0.07% higher and EUR/JPY gaining 0.09%, while the JPY basket dipped 0.09% and the Nikkei 225 dropped sharply by 2.86%.
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A brief market snapshot shows USD/JPY edging 0.07% higher and EUR/JPY gaining 0.09%, while the JPY basket dipped 0.09% and the Nikkei 225 dropped sharply by 2.86%.
The yen weakened past 159 per dollar on safe-haven dollar demand. However, aggressive Bank of Japan rate hike expectations—pricing an 80% chance of a 25 bps hike next month—are likely to cap USD/JPY …
The Japanese Yen basket rose 0.16%, leading to a 0.16% decline in USDJPY, while the Nikkei 225 gained 0.30% in short-term trading.