Yen Struggles at Nine-Month Low

Japanese Yens Surprising Struggle: Despite Expectations, Yen Falls to Nine-Month LowInvestors are taken aback as the Japanese yen, anticipated to strengthen due to a potential Japanese economic revival and U.S. slowdown, instead plummets to a nine-month low. The U.S. economys resilience and Japans new governments preference for low interest rates further complicate the situation. The yens weakness, now a nearly five-year trend, is attributed to the Bank of Japans cautious rate hike approach and Prime Minister Takaichis low-interest rate preference. Markets are scaling back bets on U.S. rate cuts and Japanese rate hikes, leaving the yen vulnerable to further losses.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.