JPY again slumps against USD

The premium article will be available in00:00:00

07.08.2024 10:37 AM




This morning,
the yen again slumped from 144 to 148 against the US dollar, following comments
from the Bank of Japan that highlighted discomfort caused by ongoing market
instability, which stalled further strengthening of the yen. The yen dropped
after Deputy Governor Shinichi Uchida delivered a strong dovish message in
response to recent volatility in global markets.
Remarkably, the yen has already advanced by nearly 10% this quarter, convincing traders to cut down on carry trade positions and putting pressure on Japanese stocks and bonds. Uchida's




Fresh articles are available only to premium users


Read analytics in early access, getting information first
Get

Pentru mai multe detalii, va invitam sa vizitati stirea originala.