USD/JPY has hit its highest since July 2024

Not seeing much news on the yen at all, apart from what has already been posted.

There is some news about on Nippon Steel:

• The firm’s CEO says we believe a fresh review by new CFIUS members under the incoming US administration could lead to a better understanding

Background to this is US President Biden blocking the takeover deal. I wonder if Trump will view it differently?

Anyway, back to USD/JPY, bit its highest since July 17 last year

Also, Japan’s 30-year bond yield increases to 2.32%, the highest since 2010

This article was written by Eamonn Sheridan at www.forexlive.com.