The Japanese Yen weakened on Fed Chair Powell confirmed hawkishness. APAC equities were mixed, and crude oil remains mired before OPEC+. Omicron universal uncertainty continues. Will USD/JPY gain traction?
JAPANESE YEN, EUR/JPY, CAD/JPY - TALKING POINTS AND ANALYSIS
JAPANESE YEN, USD/JPY, AUD/JPY - TALKING POINTS
Japanese Yen strength may fuel speculation that the Bank of Japan could intervene. Amid slowing global growth, a cheaper Yen may do little to support exports while risking trade tensions.