Yen nears 40-year lows despite rate hike
The article indicates that the Japanese yen approached its lowest level in 40 years during Friday's trading, despite the Bank of Japan's decision to raise interest rates to the highest level in 31 years. This comes amid market anticipation that authorities may intervene to support the currency following the failure of an agreement between the United States and Iran, as concerns increase over the weakness of the Japanese yen and declining market confidence. The article also reviews the stability of other major currencies, with the dollar index remaining at 100.81, while Bitcoin's price remains steady at around $62,868.
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