Yen Hits 40-Year Low as Markets Brace for US Jobs Data, Raising Pressure on Tokyo
Tokyo, July 2: The Japanese yen has fallen to its weakest level against the US dollar in four decades, reviving fears of market intervention in Tokyo and underscoring the growing strain on Japan’s economic policy as investors continue to reward higher US yields while punishing currencies tied to ultra-loose monetary settings. The move, which pushed…
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