The Japanese yen weakened past 144.5 per dollar on Wednesday, marking its third straight session of losses as investors digested recent comments from top policymakers and developments in the bond market.
BOJ Governor Kazuo Ueda noted that ongoing trade negotiations with the US are contributing to a highly uncertain outlook. He previously reiterated the central bank's willingness to adjust monetary policy as needed to ensure inflation targets are achieved.
Finance Minister Katsunobu Kato added that authorities are closely monitoring conditions in the bond market. On Tuesday, both the yen and Japanese government bond yields declined sharply following reports that the Ministry of Finance is considering reducing the issuance of super-long-term bonds.
The move is seen as an effort to contain rising yields after a disappointing 20-year bond auction last week, which recorded the weakest demand in over a decade, with investors now turning their attention to the upcoming 40-year bond sale.
Source: Trading Economi
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