Japanese Yen (AUD/JPY, USD/JPY) Analysis

• The Japanese Yen continues to decline but in a less volatile manner than before
• Aussie dollar takes full advantage of the yen’s slide, USD/JPY Climbs higher
• Japanese bond yields don’t provide any favours for the yen
• Japanese inflation up next in the early hours of Friday morning

The Japanese Yen has slowly declined and is now nearing levels that prevailed moments before Japanese officials intervened in the FX market to strengthen the yen back in April. The chart below is an equal-weighted yen index showing the consistent decline in the $62 billion intervention effort.

Japanese Yen Index (equal weighting of AUD/JPY , USD /JPY, GBP/JPY and EUR/JPY )