Japanese Authorities Intervene to Support Yen Amid Enduring Weakness
===============	
#9654910e ver:0.41

Japanese authorities have intervened to support the yen amid its enduring weakness against the US dollar. They have spent nearly $60 billion to bolster the currency, which has fallen about 10% this year. While a weaker yen benefits Japanese companies and tourism, it also makes imports more expensive. The recent intervention occurred strategically after the US Federal Reserve hinted at delayed interest rate cuts. The long-term outlook for the yen remains bearish, but the focus now shifts to the US jobs report for April. A weaker-than-expected report could alleviate pressure on the yen, while a strong report might increase the likelihood of further Japanese intervention. #yen #currencyintervention #USjobsreport...

#newstr #Yen #CurrencyIntervention #Japan #ForeignCurrencyReserves 

 https://here.news/story/9654910e?ver=0.41