Japanese Yen Jumps Past 158 to Dollar as Intervention Rumors Swirl
Japan's yen surged past 158 against the US dollar on Thursday evening, raising questions about potential government intervention as currency weakness persists amid fiscal concerns.
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Japanese Yen Plummets to 39-Year Low Despite Official Warnings of Intervention
The Japanese yen fell to its weakest level in nearly four decades against the US dollar, breaching the 162 mark as market participants dismiss government warnings of potential intervention.
Dollar slumps on weak jobs data as Fed rate hike bets cool
The US dollar tumbled to its weakest point in 12 weeks after disappointing June employment data reduced expectations for near-term Federal Reserve rate increases, providing breathing room for the troubled Japanese yen and boosting other major currencies.
Ringgit poised for recovery as Malaysia deploys capital inflow measures
The ringgit is expected to rebound from June's weak performance, with Bank Negara Malaysia's capital flow measures and Malaysia's robust economic fundamentals supporting a recovery to 3.80-3.95 per dollar by year-end.