Japan's currency diplomat warns against speculation as yen plunges to 149 per dollar amid robust US jobs report and conflicting PM statements.
Japan's currency diplomat, Atsushi Mimura, cautioned against speculative trading as the yen dropped below 149 per dollar. The decline follows a robust U.S. jobs report, leading traders to scale back predictions of interest rate cuts by the Federal Reserve. Additionally, new Prime Minister Shigeru Ishiba's remarks suggesting the economy isn't ready for rate hikes have added to market pressure, conflicting with his earlier stance on monetary policy adjustments.
October 07, 2024
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