The yen accelerated its downward movement on Friday (26), when the Bank of Japan (BoJ) left its main interest rate unchanged, after raising it for the first time in 17 years last month.
The yen recovered strongly against the dollar, after touching a new low in 34 years, triggering rumors of possible intervention by the Japanese government in the foreign exchange market.
At 4:34 am (Brasília time), the dollar fell to 154.80 yen, compared to 157.90 yen at the end of last week, after trading at 160.26 yen overnight, its highest level since April 1990. Today’s trading volumes are weak as Japan is celebrating a public holiday this Monday.
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The yen accelerated its downward movement on Friday (26), when the Bank of Japan (BoJ) left its main interest rate unchanged, after raising it for the first time in 17 years last month.
With information from Dow Jones Newswires It’s from Estadão Content.
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