National Banks: Japanese Yen Still on the Decline, Short-term Outlook at 162

Reported 8 months ago

According to Taiwan Banks' exchange rate bulletin, the cash buying rate for the Japanese Yen has dropped below 0.205 yuan, reaching a 38-year low against the US Dollar. International banks believe that the Japanese Yen challenging the 160 mark is due to weak inflation, the US-Japan interest rate differential, and concerns about forex intervention risks. Public banks predict that the Japanese Yen has not bottomed out yet and may reach 160, serving as Japan's last defense line. Short-term progress sees a potential rise to 162 yen.

National Banks: Japanese Yen Still on the Decline, Short-term Outlook at 162

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