Japanese authorities threaten currency intervention to curb dollar's rise against the yen
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#080c8e6b ver:1.02
The Japanese yen weakened further on Wednesday, falling to a four-month low against the US dollar and a 16-year low against the euro. This comes after the Bank of Japan (BOJ) announced its decision to end its negative interest rate policy and yield curve control. Despite this shift in policy, the BOJ indicated that it expects to maintain accommodative conditions for the time being, keeping pressure on the yen. Investors interpreted the BOJ's messaging to mean that any further tightening will be gradual, leading to the yen's continued weakness. On Wednesday, the yen weakened to a four-month low of 151.34 per dollar and was last off 0.30% at 151.28. Against the euro, the yen weakened to 164.35, its lowest level since 2008. The yen's weakness is in line with the stronger performance of Japane...
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