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Yen continues to dominate the forex market this week, additionally supported by further decline in US and European benchmark yields overnight. The persistent strength in Yen is being reinforced by hawkish rhetoric from a known hawkish BoJ board member, who reiterated calls for a gradual rate hike toward the 1% neutral level. While this stance […]

The post Sterling Awaits BoE Guidance Amid Stagflation Concerns; Yen Leads FX Markets appeared first on Action Forex.

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Yen Rebounds on Upgraded Growth Forecasts, Global Risk-On Sentiment Eases
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Yen Rebounds on Upgraded Growth Forecasts, Global Risk-On Sentiment Eases

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