From Investing.com: 2024-03-26 23:03:38

The Japanese yen weakened against the dollar, reaching a 34-year low due to pressure from a strong dollar and a dovish outlook for the Bank of Japan. USDJPY rose to 151.97, its highest level since the mid-1990s, despite the BOJ raising interest rates for the first time in 17 years. Government officials warned of intervention in currency markets to address speculative trading. High U.S. rates were considered a key factor in yen depreciation, with analysts predicting gradual rate increases in Japan and keeping an eye on inflation data due Friday for further insight.



Read more at Investing.com: USDJPY hits 1990 highs as yen weakens; Intervention in focus By Investing.com