On Friday, the Japanese yen accelerated its depreciation, with traders pushing it toward levels that could trigger official intervention. Earlier, the Bank of Japan announced a rate hike but provided few hints about the future path of interest rate increases.
The USD/JPY pair continued to rise above the 157 level, potentially posting its largest single-day gain since early October and reaching the highest level in nearly a month. The EUR/JPY hit a record high, rising 1.2% intraday.
Earlier, the Bank of Japan raised its policy rate from 0.5%, but Governor Kazuo Ueda remained vague about the
View OriginalThe USD/JPY pair continued to rise above the 157 level, potentially posting its largest single-day gain since early October and reaching the highest level in nearly a month. The EUR/JPY hit a record high, rising 1.2% intraday.
Earlier, the Bank of Japan raised its policy rate from 0.5%, but Governor Kazuo Ueda remained vague about the

