The Japanese yen has strengthened for three consecutive sessions, driven by a dip in the U.S. dollar and surprising GDP growth of 2.8% in Q4 2024. This marks three quarters of growth supported by a modest rise in corporate spending. The Bank of Japan's recent interest rate increases have enhanced the yen's appeal amid persistent inflation, with market expectations for further hikes. Continued economic resilience indicates that the yen may maintain its upward trajectory as bullish sentiment grows around Japan's economic outlook.
The Japanese yen has strengthened for the third consecutive session, supported by a retreat in the U.S. dollar and stronger-than-expected GDP growth in Japan.
Despite challenges posed by the Bank of Japan's recent policy shifts and interest rate hikes, Japan's economy has remained stable.
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