The yen weakened on Wednesday, pushing the dollar to its highest against the Japanese currency since 1990, with markets alert to any signs of intervention from the Japanese authorities to prop the yen.

This followed latest US. inflation data.

The dollar was last up 0.35% at 152.31 yen, having touched its strongest since 1990.
This post first appeared on economictimes.indiatimes.com

You May Also Like

Daily Forex News and Watchlist: USD/JPY

USD/JPY is consolidating in a triangle pattern in the shorter time frames!…

Weekly FX Market Recap: Sept. 12 – 16, 2022

Surprisingly strong inflation numbers from the U.S. and weakening economic indicators from…

AUD Weekly Forecast – Will the RBA Cut Rates?

The RBA is up this week! Will the central bank cut its…

Rupee rises by 4 paise to close at 77.54 against US dollar on stocks rally

The rupee rose further by 4 paise to close at 77.54 against…