Reported 9 months ago
Japanese Yen fell again on June 28, with the exchange rate reaching a historically low level. Experts believe that the Japanese Yen is currently oversold and the key to its rebound lies in the interest rate policies of the Bank of Japan and the Federal Reserve in the third quarter. The market perceives the Japanese Yen as oversold, as indicated by various surveys and economic analysis. If the USD/JPY rate falls below 160, the Bank of Japan is likely to intervene. Concerns about rising interest rates potentially causing bankruptcies, the impact on zombie companies, and the significant national debt are factors hindering the Bank of Japan's efforts to strengthen the Yen.
Source: YAHOO