The Yen has continued its impressive decline against a number of G7 currencies which may be set to continue. The Yen was naturally on the back foot due to a massively supportive Bank of Japan (BoJ) continuing to provide stimulus and ruling out any chance of a rate hike in the near future.
Such a stance contrasts what we are witnessing from other major central banks like the Fed and the Bank of England (BoE) that have already begun the rate hiking cycle with many more priced in before the end of this year.
