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Yen's Drop to Three-Month Low Reignites Intervention Concern.
- Source :
- Bloomberg.com; 10/23/2024, pN.PAG-N.PAG, 1p
- Publication Year :
- 2024
-
Abstract
- The yen has dropped to its lowest level against the dollar in three months, sparking concerns about potential intervention by Japanese officials to support the currency. The weakening yen is attributed to a stronger dollar, driven by increased US yields and speculation about post-election policies. Analysts predict further yen depreciation and potential intervention if the trend continues, with implications for Japanese monetary policy and bond yields. All G10 currencies have fallen against the dollar in anticipation of the US election and slower Fed policy easing. [Extracted from the article]
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 180432853