The post Japanese Yen extends gains; USD/JPY slides to 147.10 support appeared on BitcoinEthereumNews.com.

The Japanese Yen attracts dip-buyers after an unimpressive domestic data-inspired downtick.The divergent BoJ-Fed expectations continue to act as a tailwind for the lower-yielding JPY.Sustained USD buying could lend support to the USD/JPY pair ahead of the FOMC Minutes release. The Japanese Yen (JPY) attracts some buyers for the second straight day on Wednesday and drags the USD/JPY pair to a fresh daily low, around the 147.15 region heading into the European session. The initial market reaction to the mixed economic data from Japan turns out to be short-lived amid bets that the Bank of Japan (BoJ) will stick to the policy normalization path and hike interest rates by the year-end. This, along with the cautious market mood, turns out to be another factor that underpins the safe-haven JPY. However, hopes for a Russia-Ukraine peace deal could act as a headwind for the JPY. The US Dollar (USD), on the other hand, climbs to over a one-week high in the wake of diminishing odds for a more aggressive policy easing by the Federal Reserve (Fed). This, in turn, helps limit the downside for the USD/JPY pair. Traders also seem reluctant and keenly await the release of the FOMC Minutes, which, along with Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium, should offer cues about the policy outlook. Japanese Yen bulls retain intraday control amid hawkish BoJ expectations and cautions mood A report published by the Cabinet Office earlier this Wednesday showed that Japan’s core Machinery Orders rose for the first time in three months, by 3% in June, defying market expectations for a 1% drop. The rise was led by the 8.8% surge in non-manufacturing orders, which masked weakness in the manufacturing sector, where orders fell 8.1%. Separately, data from the Ministry of Finance showed Japan’s exports dropped for…

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Filed under: News - @ August 20, 2025 7:28 am