Yen Soars After Japan Intervenes To Prop It Up For Second Time In 3 Days
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Source: zerohedge.com
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Dollar at 34-yr. highs in upper 155 yen as intervention line tested
The U.S. dollar rises to new 34-year highs in Tokyo in the upper 155 yen range, as currency traders tested the limits of the yen's weakness amid speculation that a market intervention by Japanese authorities is still a way off.
Source: kyodonews.net
Japan's yen tumbles to 34-year low against dollar in trading
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.
Source: upi.com
Yen hits 34-yr low vs dollar as BOJ signals ultraeasy policy to stay
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.
Source: kyodonews.net
FOCUS: Tokyo stocks to reach new highs in 2024 despite strong yen headwinds
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.
Source: kyodonews.net