Monthly Archives: July 2024
Japanese Yen Trades to New Low in Decades
Written on July 3, 2024 at 6:32 am, by
Market Summary The Japanese Yen plummeted to its weakest level since 1986 at 160.87 against the greenback. The currency pair has lost more than 12% this year and is well above the tolerance level for the BoJ to intervene. The BoJ hinted at a potential rate hike in July, and the Japanese CPI reading dueContinue Reading