The yen has plumbed new lows versus the dollar four times since late June, piling pressure on authorities in Tokyo to wade back into the market to stem the losses. — Reuters
CURRENCY traders face a long and nail-biting wait this month until the the Bank of Japan’s (BoJ) policy decision on July 31, when a potential interest-rate hike and cut to bond purchases may finally bring some relief to the embattled yen.
It’s plumbed new lows versus the dollar four times since late June, piling pressure on authorities in Tokyo to wade back into the market to stem the losses.
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