Economic TimesLean R·
Yen weakens after intervention-led surge ahead of BOJ policy decision
The Japanese yen faced renewed pressure after Tokyo intervened in currency markets. The dollar gained as traders questioned the US Federal Reserve's inflation stance. Japan conducted yen-buying intervention, pulling the currency from four-decade lows. The Bank of Japan is expected to keep interest rates steady at one percent. Analysts anticipate the BOJ will raise rates again by year-end.
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