Financial Times on Nostr: nostr:note1p0j2yzl73rtkan70qtlc8el6he7qutzc78p8ugw7mqg5whkels5qn0zjzz

quoting note1p0j…zjzz

Yen Plunges Below ¥160 Per Dollar Amid Volatile Trading on National Holiday
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#9654910e ver:0.23

The Japanese Yen has reached a historic low against the US Dollar, depreciating to ¥160 per Dollar. This is due to the strength of the US Dollar and postponed rate cuts by the Federal Reserve. The Yen's weakness may undermine Chinese manufacturers and has consequences for Japan's export-driven economy. The Bank of Japan is discussing interest rates, with potential intervention to stabilize the Yen. The Yen's weakening trend is expected to continue as long as the interest rate gap between the US and Japan remains significant. #Yen #USDJPY #economy...

#newstr #JapaneseYen #UsDollar #ExchangeRate #CarryTrades #BankOfJapan

https://here.news/story/9654910e?ver=0.23