USD/JPY surrenders intraday gains amid risk-off impulse, back around mid-114.00s By HareshMenghani USDJPY RiskAversion Bonds Fed Currencies
The pair gained positive traction during the first half of the trading on Tuesday, albeit struggled to find acceptance or build on the momentum beyond the key 115.00 psychological mark. The widening of the US-Japanese government bond yield differential was seen as a key factor that acted as a tailwind for the USD/JPY pair.
Moreover, the BoJ reiterated that it will maintain ultra-loose monetary policy at the end of its latest monetary policy meeting on Tuesday. In the post-meeting press conference, the BoJ Governor Haruhikoreiterated that the Japanese central bank remains ready to ease policy further without hesitation as needed.
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