Yen Slumps to Over 37-Year Low Against Dollar Despite Intervention Threat
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#56764ea7 ver:0.4

The Japanese Yen slumps to a 37-year low against the US Dollar, despite intervention threats. The Yen's devaluation is driven by fading safe-haven flows into the Greenback. Traders fear Yen interventions as USD/JPY approaches the 160.00 level. Asian shares are subdued, while the Euro hits a record high against the Yen. Asian currencies firm slightly as the Dollar cools, with speculation of government intervention and rate hikes by the Bank of Japan. The Chinese Yuan weakens, and focus is on key inflation data in Tokyo and the upcoming PCE price index data in the US. The Yen's decline raises concerns for Japan and South Korea, as the US puts Japan back on its currency manipulator watch list. Japanese households struggle with rising costs due to the weaker Yen. #Yen #USD #intervention #inflation #currency...

#newstr #JapaneseYen #UsDollar #Intervention #ForeignExchangeMarket #CurrencyManipulator 

 https://here.news/story/56764ea7?ver=0.4