Chart alert: Watch 157.40 on USD/JPY, hawkish BoJ, ECB, and BoE ignite yen strength
Key takeaways Relative policy dynamics driving FX moves: USD/JPY weakness highlights that USD strength is not absolute, hawkish signals from the European Central Bank and Bank of England offset Fed expectations, pushing the US dollar lower. Hawkish tilt from BoJ supports yen strength: Despite holding rates, Bank of Japan Governor Ueda’s comments on wages and…