Japanese yen hits fresh 34-year low despite verbal intervention from authorities

The Japan flag is juxtaposed against a Japanese yen bank note. Javier Ghersi | Moment | Getty Images The yen slipped past 155 against the U.S. dollar on Thursday, touching a new 34-year low against continued strength in the greenback. The weakness comes as the Bank of Japan is due to release its monetary policy … Read more

Japan’s yen hits 34-year-low, heating talk of intervention

Japanese 1,000 yen, 5,000 yen and 10,000 yen banknotes arranged in Kyoto, Japan, on Thursday, Nov. 2, 2023. The contradictions in Japan’s efforts to protect the yen while slowing the pace of rising bond yields are becoming increasingly clear in currency and debt markets. Photographer: Kentaro Takahashi/Bloomberg via Getty Images Kentaro Takahashi| Bloomberg | Getty … Read more

Bank of Japan hikes rates for the first time in 17 years, abolishes yield curve control

Japan flag and Japanese Yen cash banknotes (money, economy, business, finance, inflation, crisis) Javier Ghersi | Moment | Getty Images Japan’s central bank raised interest rates on Tuesday for the first time since 2007 and abolished its yield control curve policy, ending the world’s last negative rates regime on early signs of robust wage gains … Read more