Yen Slips as Fed Replaces BOJ as Next Potential Speed Bump
- Dovish BOJ keeps intervention risk as yen stays pressured
- Focus on size of future US rate hike amid growth worries
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The yen faces a fresh catalyst for renewed pressure this week as investors shift their focus to a hawkish Federal Reserve from the super-easy monetary policy of the Bank of Japan.
The Japanese currency slipped 0.2% to around 148 per dollar Monday after closing down almost 1% Friday. The BOJ stood pat as expected, keeping the pressure on the yen and raising the chances of further intervention from authorities. Japan was suspected of intervening earlier this month when it fell to a three-decade low of 151.95.