The Japanese yen (JPY) is weak, down marginally 0.1% against the US dollar (USD) as it continues to fall to new multi-month lows at levels last seen in January, Scotiabank chief FX strategists Sean Osborne and Eric Theort said.
The Japanese Yen fell to new lows on fiscal/monetary concerns
“Market participants remain concerned about Japan’s macro outlook with focus on Prime Minister Takaichi’s expansionary fiscal plans and risks to the Bank of Japan’s independence given the government’s recent cooperation efforts. Markets continue to ease their expectations for a BOJ tightening, fading the chance of a December rate hike while strengthening bets on monetary policy tightening in early 2026.”
