Join date: Mar 21, 2022

HONG KONG (Reuters) - The Japanese yen continued its makanan khas jawa timur paling populer slide on Monday morning, while the aussie and kiwi remained bid, with traders eying a string of public remarks by global central bank policy makers this week, including Fed chair Jay Powell later Monday.

The dollar climbed slightly on the yen to as much as 119.3 yen challenging the six-year peak of 119.39 touched on Friday. The dollar finished last week 1.6% higher versus the Japanese currency.

Analysts at CBA said they thought moves in the pair could slow this week, but they predict the dollar will climb further on the yen in the coming months as the gap between U.S. and Japanese interest rates widens.

"Japan’s inflation dynamic is very different to that experienced in other major economies we monitor, As a result, an exit from the ultra-easy monetary policy by the Bank of Japan remains a long way off in our view," they said.

In contrast, the U.S. Federal Reserves raised its slot terbaru key interest rate by 25 basis points last week for the first time since the pandemic.

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