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DeepNewz, mobile.
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China's central bank weakened the yuan fixing to a one-month low amid pressure from a resurgent US dollar. Japan's finance minister warned of potential intervention as the yen slumped to a 34-year low against the dollar, sparking speculation about market actions. The yuan hit its weakest level since November 2023 due to dollar strengthening and China-US rate divergence.
The resilience of the U.S. economy is raising uncertainty over whether Japanese monetary officials will intervene soon, analysts say, as the yen has fallen to 154 against the dollar. https://t.co/y44QshlhB8
With the yen repeatedly declining to fresh historic lows against the U.S. dollar, speculation has been rife that Japan could intervene in the currency market at any time. https://t.co/6byUh1OuHp
Chinese Yuan’s Double Whammy - Dollar Strength and Yen Weakness #ForexMarket #JPY https://t.co/9bqkeYONwG