Reported 1 day ago
The yen experienced a rebound following verbal intervention from officials, and a commitment from US and Japanese leaders to enhance security cooperation. The currency rose by 0.7% against the dollar, marking its first gain in eight days despite recent losses. Japan's growth strategy minister emphasized the need to monitor yen weakness's impact on the economy, while US Treasury officials warned about currency volatility. Amidst high inflation and sustained yen depreciation, anticipation is building for the upcoming Bank of Japan interest rate decision.
Source: YAHOO