The yen could come under pressure as the Bank of Japan takes a more cautious stance regarding its monetary policy after the market's selloff earlier this week.
Looking ahead, traders could continue to monitor any clues about future rate changes and the potential impact on the yen's volatility.
Market participants are focusing on US initial jobless claims and the US consumer price inflation report, in addition to comments from Fed Chair Jerome Powell for market sentiment.
The unwinding of a significant portion of the carry trade has added risks to the market, further increasing the uncertainty surrounding Japanese treasuries' yields.
Collection
[
|
...
]