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Yen hits 40-year low as clock ticks on intervention
The Japanese yen hit a 40-year low against the dollar, sparking speculation of government intervention. Despite past efforts, the yen continues to weaken due to a significant interest rate gap with the US. All eyes are now on upcoming US jobs data, which could influence the Federal Reserve's rate hike decisions and, consequently, Tokyo's next move to support its currency.
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theprint.in
Yen hits four-decade low in historic slide that’s rattled japan
The slump continues in the face of regime change at the Bank of Japan, which ended a negative-interest rate policy in 2024, raising expectations for a revival in the currency.
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straitstimes.com
Yen hits 40-year low in historic slide, rattling Japan
The yen slid to 161.98 versus the US dollar in New York trading on June 29, breaching the 161.95 mark touched in July 2024. Read more at straitstimes.com. Read more at…
