Japan’s GDP Shrinks Unexpectedly, Yen Slides Near 145 as BOJ Stays Dovish and Safe-Haven Demand Grows
Japan’s economy unexpectedly contracted by 0.7% in the first quarter, raising concerns about the country’s growth outlook. Meanwhile, the Bank of Japan continues to stick with its dovish monetary policy, in contrast to more aggressive stances from other major central banks. As a result, the U.S. dollar is trading near the 145 yen level, with traders watching closely for policy signals from both countries. At the same time, rising global uncertainties are fueling demand for safe-haven assets, which is helping to support the yen. However, if key technical support levels are breached, the yen could see increased volatility in the forex market.


