Yen nears 40-year low amid rate-hike expectations and potential government intervention
The Japanese yen steadied near its weakest level in nearly four decades as traders considered the possibility of Tokyo's market intervention alongside expectations for faster interest-rate hikes by the Bank of Japan. Despite recent efforts, including past interventions, analysts suggest these measures have not reversed the yen’s decline, which is largely attributed to strong dollar demand and low Japanese rates.
Topics: central bank policy currency intervention Japan