(Bloomberg) -- The yen weakened as US calls for caution on intervention added to expectations that the currency will face continued pressure due to a wide...
-- The yen weakened as US calls for caution on intervention added to expectations that the currency will face continued pressure due to a wide yield gap between the US and Japan .S&P 500 Extends Gains in Final Minutes of Trading: Markets Wrap
“After the 2022 interventions, the yen strengthened smoothly, but it might be more difficult this time,” said Marito Ueda, head of the market research department at SBI Liquidity Market. “Back then there was speculation that US interest rate hikes are ending, and the monetary policy outlook wasn’t unclear like now,” he said, adding that another test of the yen breaking 160 per dollar is possible.
Trade volumes from partners such as Turkey and China have slagged in the first quarter, as foreign dealers pullback amid a US sanctions threat.Want a great growth stock to buy and hold for decades? You may want to consider this ridiculously undervalued growth stock. The post 1 Ridiculously Undervalued Growth Stock Down 65% to Buy Hand Over Fist appeared first on The Motley Fool Canada.
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