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JPY: Why so weak?
There are multiple factors contributing to the weakness of the JPY. 1- The Bank of Japan (BoJ) has consistently adopted a dovish stance, which has put downward pressure on the currency. 2- The Nikkei, the Japanese stock market, has been performing strongly, further impacting the JPY's value. 3- China's economic recovery has been moderate, with a focus on services and consumption rather than investment, which has influenced the JPY's weakness. Additionally, concerns regarding US regional banking have eased, leading to a more favourable outlook for investors. Moreover, investors have shown a confident outlook on the US ... (full story)