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Yen nears weakest in 40 years as BOJ hike fails to stem rout
The yen remains near four-decade lows despite intervention and a Bank of Japan rate hike, as investor confidence is undermined by government spending plans. Analysts predict further intervention to defend key levels, while inflation is expected to rise despite current fuel subsidies. Other currencies saw little movement.
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asia.nikkei.com
Yen falls after Fed decision, erasing intervention gains since April
Japanese currency near two-year low as rate gap pressures mount
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channelnewsasia.com
Yen at brink of 40-year low puts markets on intervention watch
TOKYO, June 19 : The yen traded precariously near the weakest level in nearly four decades on Friday, putting investors on guard for potential intervention from Japan to defend…
