May 17, 2024
Finance

Yen on intervention watch; Asia shares subdued

By Rae Wee SINGAPORE (Reuters) – The yen languished near its weakest in decades on Thursday though the threat of intervention from Japanese authorities kept investors leery of pushing the currency to a new low, while Asian stocks fell ahead of a key U.S. inflation reading. Markets were largely rangebound ahead of Friday’s much-anticipated U.S.

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Finance

Japan makes strongest intervention warning as yen hits 34-year low

By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s finance minister issued his strongest warning to date on Wednesday about yen weakness as it fell to a 34-year low against the dollar, saying authorities could take “decisive steps”, language previously used before intervention. Shunichi Suzuki previously used the phrase “decisive steps” in autumn 2022 when Japan last intervened

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