Ella 
The Japanese yen (JPY) weakened across the board on Wednesday amid uncertainty over the Bank of Japan’s plans to further raise interest rates. In addition, market risk appetite impulsively suppressed demand for the safe-haven yen, coupled with a new wave of US dollar buying, pushing USD/JPY to the 149.35 area, the highest level since mid-August.
Meanwhile, data released earlier on Thursday showed that Japan’s producer price index (PPI) remained unchanged in September, with the annual rate of increase in Japan’s producer price index in September exceeding expectations. This in turn boosted the Japanese yen and prevented USD/JPY from rising higher. In addition, traders chose to wait and see before the release of US consumer inflation data.
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