Japanese yen weakens vs US dollar amid Fed rate cut uncertainty and stock market sell-offs.

The Japanese yen has weakened against the US dollar amid uncertainty over a deep Federal Reserve rate cut next month. This follows a tumultuous week marked by sell-offs across currencies and stock markets due to concerns over the US economy and the Bank of Japan's hawkish stance. The yen's value is influenced by the Bank of Japan's policy, the differential between Japanese and US bond yields, and broader risk sentiment.

August 12, 2024
23 Articles

Further Reading