On Jun 19, the yen traded around 161.12 per dollar, sparking fears of intervention by Japanese authorities. Analysts attribute the yen's ongoing weakness to fiscal concerns and high short positions, despite BOJ's tightening measures. US dollar remains strong as monetary tightening expectations rise.
The Japanese Yen traded near a 40-year low at 161.12 per dollar on June 19, raising concerns about potential intervention by Japanese authorities. Despite the Bank of Japan's recent interest rate hike and tightening measures, the yen continues to weaken due to underlying fiscal…
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