(Bloomberg) -- The yen is within striking distance of a three-decade low against the dollar after a central bank interest rate hike failed to give it a lift,...
-- The yen is within striking distance of a three-decade low against the dollar after a central bank interest rate hike failed to give it a lift, reigniting the risk of Japan’s government stepping into the foreign exchange market for the first time since autumn 2022.Fed’s Powell Ready to Support Job Market, Even If It Means Lingering Inflation
That already puts Japan close to its strongest warning language. Economists surveyed last week by Bloomberg still see monetary authorities holding off on intervention for now. In the meantime, a change in expectations over the timing of a rate cut by the Federal Reserve or another hike by the BOJ may shift the market dynamics.
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