USD/JPY

Around 13.5% of daily trades. Known as “Gopher,” this pair is popular for its stability and low spreads, influenced by U.S. and Japanese monetary policies.

USD/JPY

Tokyo Inflation Misses Expectations as Yen Continues to Decline

Tokyo inflation data shows cooler price pressures than expected, with core CPI rising 1.9% vs 2.2% forecast. The softer numbers reduce hopes for aggressive Bank of Japan rate hikes, leading to a weaker yen that hit 157.60 against the USD. Market eyes BoJ’s next move closely. #Forex #BOJ #JPY

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