Yen Weakens Amid Intervention Watch and Inflation Concerns
9 hours agoBusiness
30LENS
1 SourcesTokyo, Japan
TBNthebalanced.news
Yen Weakens Amid Intervention Watch and Inflation Concerns

The Japanese yen weakened against the US dollar on Friday amid low trading volumes, with investors closely monitoring for potential government intervention to support the currency. Despite a recent Bank of Japan interest rate hike, concerns over expansive fiscal policy and moderating inflation persist. Officials have issued strong warnings about intervention readiness, while core consumer inflation in Tokyo slowed but remained above the central bank's target, suggesting further rate hikes are possible.

Political Bias
33%34%33%
Sentiment
48%