Ella 
The US dollar continued to showcase its dominance in the currency markets, with the Japanese yen experiencing notable losses. As of the latest update, the USD/JPY pair surged to a peak just shy of 152.00, marking its highest level since 1990.
Remarks from Bank of Japan policy board member Tamura highlighted his inclination towards a sustained, albeit cautious, approach to tightening monetary policy. While financial media often label Tamura as a hawk, it’s essential to note the nuanced spectrum within the Bank of Japan’s policymaking dynamics. Tamura leans towards the less dovish end of the spectrum. Additionally, comments from Bank of Japan Governor Ueda, delivered during a parliamentary session, provided no insights into the yen’s weakness. Neither Ueda nor any other officials, such as Kanda or Suzuki, made remarks regarding verbal intervention in the currency markets. In this scenario, buying the dip in yen crosses remains a favored strategy.
