Reported 1 day ago
The yen has weakened to its lowest point since July against the dollar, influenced by outflows from Japanese retail investors and adjustments in Tokyo benchmark fixing. Retail investments through the Nippon Individual Savings Account (NISA) were noted as contributing factors, prompting warnings from Japanese Finance Minister Katsunobu Kato regarding potential interventions in volatile currency movements. The lack of clear expectations for a Bank of Japan rate hike has also added pressure on the yen.
Source: YAHOO