Japanese yen strengthens sharply after hitting 160 against dollar for the first time since 1990
Publishing timestamp: 2024-04-29 01:34:08
Summary
The Japanese yen weakened to 160 against the U.S. dollar in Monday morning trading in Asia. Japanese authorities have not made any official announcements about bolstering the currency, but some experts predict possible intervention if the yen weakens significantly. The weakening yen has positively impacted stock performance and moved the country closer to the Bank of Japan's inflation target.
Sentiment: NEUTRAL
Tickers: JPY=,
Keywords: currency markets, asia economy, breaking news: asia, business news, usd/jpy, markets, breaking news: markets,