Yen Weakens Further Against Dollar: Tokyo Drawing Hard Line – How Long Can This Last?
Tokyo, Japan – The USD/JPY exchange rate is showing signs of a more significant decline, indicating a shift in market sentiment. Following a 150-pip drop earlier, the current decrease in USD/JPY appears more forceful and convincing. As the pair now sits at 156.85, Tokyo’s response to the movement suggests a potential shift in market dynamics. Japanese officials are facing a challenge in maintaining the yen’s value as they attempt to counter its weakening trend. Without …