Yen traders take on a better safe than sorry approach ...Middle East

At each and every point last year when yen bulls were anticipating a policy shift by the BOJ, they wound up getting scorched. Evidently, the burn scars are still seemingly painful as even with a positive nod on the spring wage negotiations outcome and more hawkish reports from local media, the yen is unable to get moving.In fact, it is now trading lower on the day than before we got the bunch of headlines in the past hour:If anything else, that shows how much of an impact the more cautious remarks from BOJ governor Ueda has had during the week. He gave no hints whatsoever of an imminent change to policy and that is enough to get traders to play things on the safe side.It's a case of being be

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Last updated : 15 March 2024 clock 10:41 AM

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Yen traders take on a better safe than sorry approach ...Middle East

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