Trump's victory and Bank of Japan's policy shift drive yen to three-month low against dollar.

The Bank of Japan's policy shift and Trump's victory are driving the USD/JPY currency pair higher, reaching a three-month high of 154.70. Trump's win has sparked expectations of inflation-boosting policies, while the BoJ's cautious approach to monetary tightening adds downward pressure on the yen. Market movements will be closely monitored by upcoming US inflation data and Fed statements. The Australian dollar also strengthened against the yen due to uncertainty over the BoJ's interest rate hikes. The yen's weakness is compounded by political instability in Japan and mixed signals from BoJ policymakers.

November 11, 2024
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