Yen Under Pressure Amid Policy Divergence Between BoJ and Fed

The Japanese Yen remains under pressure against the US Dollar due to policy divergence between the Bank of Japan and the Federal Reserve, according to Rabobank's analysis.

Rabobank's strategists note that the contrasting approaches of the two central banks have made the dollar more attractive to investors seeking yield, weighing on the Japanese Yen.

The yen has traded around the 150 level against the dollar, a threshold that often triggers intervention concerns from Japanese authorities.