The Japanese Yen (JPY) holds onto an over-a-week-long upside run against the US Dollar (USD) on Thursday. As of writing, the USD/JPY pair trades marginally lower to near 153.45 and is close to its over six-month low at 152.89 posted on Wednesday.
The Japanese currency outperforms across the board as financial market experts see the Bank of Japan (BoJ) continuing its monetary tightening path even after hiking interest rates by 25 basis points (bps) to 1.25% at the policy meeting on September 18.
Yen support builds as markets brace for a hawkish BoJ hike
Analysts at DBS argue that “it is almost a done deal that the Bank of Japan will hike rates…
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