Economic TimesLean R·
Strong dollar pushes yen to 40-year low as clock ticks on intervention
The Japanese yen hit a 40-year low against the dollar, sparking intervention fears. Despite past efforts, the yen continues to weaken due to a significant interest rate gap. Analysts believe intervention is inevitable but unlikely to reverse the trend. Meanwhile, the dollar remains strong ahead of crucial U.S. jobs data, which could influence the Federal Reserve's rate hike path.
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