Reported 9 months ago
The Japanese yen depreciated past 161 per dollar for the first time since 1986, attributed to the strength of the U.S. dollar, leading to discussions of possible intervention by Japan. Traders are monitoring the Federal Reserve's upcoming inflation data and the first U.S. presidential debate, with a concern that the yen may continue to weaken if core PCE measures exceed market expectations. Despite potential intervention by Japan, it may only offer temporary relief if there are no fundamental changes in the market.
Source: YAHOO