Bets on Intervention Fuel Yen Buying by Japan s Retail Investors bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
The Japanese yen tumbled to its lowest mark against the U.S. dollar since 1990 on Wednesday, temporarily sliding to the 151.97-per-dollar level as investors continued to sell the country's currency.
The yen briefly hits a 34-year low near the 152 line against the U.S. dollar in Tokyo on renewed expectations the Bank of Japan will maintain its accommodative stance even after raising interest rates for the first time in 17 years.
Japanese Retail Investors Position for Reversal in Yen Weakness bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Tokyo stocks are expected to test an all-time high in 2024 on hopes of robust corporate results and real wage growth, overcoming a stronger yen that will pressure exporters amid prospects of policy changes by the Japanese and U.S. central banks.