The Japanese yen hit a 40-year low against the dollar, sparking speculation of government intervention. Despite past efforts, the yen continues to weaken due to a significant interest rate gap with the US. All eyes are now on upcoming US jobs data, which could influence the Federal Reserve's rate hike decisions and, consequently, Tokyo's next move to support its currency.
The Japanese yen hit a 40-year low against the dollar, sparking speculation of government intervention. Despite past efforts, the yen continues to weaken due to a significant interest rate gap with the US. All eyes are now on upcoming US jobs data, which could influence the Federal Reserve's rate hike decisions and, consequently, Tokyo's next move to support its currency.
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