Dollar edges down, yen hovers near 5-month low on BOJ caution

Quick Summary:

TOKYO :The buoyant dollar slipped a notch on Friday at the end of a holiday-thinned trading week, while the yen hovered near a five-month low as traders chewed over contrasting messaging from a hawkish U.S.

Federal Reserve and a cautious Bank of Japan.Traders are betting U.S.

Japanese officials have intervened in the currency market to prop up the yen this year but it remains on course for a fourth successive annual decline.

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Category: EconomyBusiness

Markets: SingaporeJapanSouth Korea

Topics: Bank Cent Month Cautious Friday Trump Officials Week Currencies Dollar Currency

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-27 @ 09:41:30 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 729 words

Reading Time: 5 minutes read

Sentences: 22 lines

Sentence Length: 34 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 24697432

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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News Last Updated: 13 hours ago

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