Yen Strengthens Further Amid Risk-Off Mood, BOJ Hike Prospects -- Market Talk

Dow Jones
02-20

0137 GMT - The yen strengthens further against other G-10 and Asian currencies in the morning session, boosted by a risk-off mood and BOJ rate-hike prospects. U.S. President Trump on Wednesday called Ukrainian President Zelensky a dictator in an escalating row over peace talks, causing a deterioration in risk appetite, analysts say. Meanwhile, BOJ policy board member Takata on Wednesday said the central bank should raise rates further to contain inflation, MUFG Bank's Lloyd Chan says in a research report. "This sends a hawkish signal to markets," the senior currency analyst says. USD/JPY slips 0.6% to 150.62 after earlier touching 150.60, the lowest intraday level since Dec. 9, according to FactSet. (ronnie.harui@wsj.com)

 

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February 19, 2025 20:38 ET (01:38 GMT)

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