The Japanese yen weakens as US policies boost dollar, despite Japan's services sector showing modest growth.
The Japanese Yen is under pressure due to uncertainty over the Bank of Japan's (BoJ) rate hikes and the Federal Reserve's (Fed) more aggressive stance. Optimism around US President-elect Donald Trump's policies also supports the US dollar, pushing the USD/JPY pair near a two-year high. Despite this, Japan's services sector shows modest expansion, with the PMI at 50.9, its highest in four months, driven by domestic demand. However, manufacturing export sales continue to decline.
2 months ago
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