Key takeaways The Japanese yen has weakened sharply, losing 3.7% against the USD as markets priced in pro-stimulus expectations from new LDP leader Sanae Takaichi, fuelling the “Takaichi Trade.” Despite short-term JPY weakness, Japan’s consumer confidence continues to improve, supporting the Bank of Japan’s (BoJ) gradual rate hike stance. The BoJ’s policy rate curve remains […]The post USD/JPY: Current JPY Weakness Driven by Short-Term Sentiment as Disconnects from US-Japan Yields appeared first on Action Forex.