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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

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