16 Hrs
Source:
الاقتصادية
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Risks Rise in Yen Support Talks
The risks of government intervention to support the Japanese yen are increasing following ongoing discussions between Japanese Finance Minister Satsuki Katayama and U.S. Treasury Secretary Scott Bessent, with the yen currently trading around 161.57 against the dollar—near its four-decade lows. Katayama emphasized coordination with the United States to take bold steps if necessary, amid concerns that the Bank of Japan may not be able to raise borrowing costs quickly enough to control inflation, in addition to the impact of rising oil prices. Despite interventions and warnings, the factors driving the yen's decline remain in place, with predictions that the dollar-yen exchange rate may test the 162 level this week.
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