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(Bloomberg) — The yen fell to a record low against the franc amid the growing monetary policy divergence between Japan and Switzerland, with the Swiss National Bank announcing the latest rate hike Thursday in a tightening cycle that began more than a year ago. In earlier trading, the Japanese currency dropped to about 159.22 per…
(Bloomberg) -- The super-easy policy of the Bank of Japan has eaten into the yen’s status as a traditional haven for at least the last two years, but the currency reaction to the nation’s New Year earthquake suggests an even deeper issue for the once-favored safe asset.Most Read from BloombergUS Economy Set for Another Cash Boost If Congress Backs Tax DealApple to Shutter 121-Person San Diego AI Team in ReorganizationBiden Says US Doesn’t Support Taiwan Independence After VoteTaiwan Markets Mixe
THE super-easy policy of the Bank of Japan has eaten into the yen’s status as a traditional haven for at least the last two years, but the currency reaction to the nation’s New Year earthquake suggests an even deeper issue for the once-favored safe asset. In past years the yen…
(Bloomberg) -- The yen slid to its weakest in nine months as Japan’s interest-rate gap with the US pushes the currency toward levels that last year saw intervention by authorities in Tokyo.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024Outsider Milei Upends Argentina’s Election With Primary WinUS Steel Starts Review as It Spurns $7.25 Billion Cliffs BidThe Fed Is Playing a Waiting Game to Try
THE yen dropped to a 3-year low against the dollar, with analysts forecasting more weakness ahead as the nation’s yield differentials widen. The currency slipped as much as 0.5 percent to 112.75 per dollar on Monday, the weakest since December 2018, with Sumitomo Mitsui Banking Corp. and Credit Agricole CIB…