The Japanese Yen (JPY) continued to fall on Tuesday, 2nd July, reaching a new 38-year low against the US Dollar (USD) at around 161.66. With the Yen at a multi-decade low, speculation is mounting about a potential intervention by Japanese officials to stabilise the currency. What should traders expect?
Explore the latest major market shifts, Amazon’s $2T milestone and the yen’s weakness against the greenback.
The BOJ adjusted its YCC on Tuesday, signalling a shift in its policy to defending the 1% band. However, it intervened on Wednesday to reverse yen losses after JGB yields approached the limit.
The government of Japan announced the nomination of Kazuo Ueda as the replacement for BOJ Governor Haruhiko Kuroda. Who is the new governor, and what changes to expect?
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