Yen's wild ride: Ups, downs, and Bank of Japan interventions

Quick Summary:

The Japanese yen has been under pressure in the past few years as markets focused on the wide U.S.-Japan interest rate differentials.

Analysts expect the BOJ to eventually raise interest rates to levels deemed neutral to the economy, around 1 per cent to 1.5 per cent in the next few years.

After the moves failed to reverse the yen's downtrend, Japanese authorities are suspected by market participants to have intervened again on several occasions in July.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapanMali

Topics: Currency Rates July Bank Tokyo Cent Interest Weak Dollar Japanese Japan

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-09 @ 07:43:49 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 923 words

Reading Time: 6 minutes read

Sentences: 41 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 21993252

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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