Japanese yen hits fresh 34-year low despite verbal intervention from authorities
Publishing timestamp: 2024-04-25 00:38:07
Summary
The yen has weakened against the dollar, fueled by stronger dollar and comments from the Federal Reserve. BOJ meeting unlikely to result in decisive action to boost yen. Speculation of potential coordinated intervention with South Korea. Analysts believe BOJ will stick to "dovish restraint" in policy decisions.
Sentiment: MIXED
Tickers: JPY=,
Keywords: forex markets, japanese yen, stock markets, currency markets, asia news, business news, asia economy, east asia, usd/jpy, japan, jerome powell,