24 Hrs
Source:
المشهد العربي
Alain weakens as intervention impact lessens
The yen's value declined against major currencies in the G20 group as the impact of Tokyo and Washington’s coordinated intervention diminished, increasing investors' anticipation for any new measures to support the Japanese currency. Goldman Sachs analysts expect the yen's downward pressure to continue unless global economic conditions or monetary policies change, with a 63% likelihood of the Bank of Japan raising interest rates in September. Meanwhile, the dollar rose by 0.63% to reach 158.79 yen.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)