Yen Weakens Against Major Currencies while Loonie Awaits Key Economic Indicator
Tuesday, 16 July 2024, 05:43
Yen Softens in Asian Trading
The Yen weakened during the Asian session, retracting recent gains.
Government's Intervention
Chief Cabinet Secretary Hayashi reaffirmed Japan's commitment to maintaining stable currency rates.
Focus on Economic Fundamentals
- Stability in currency rates seen as crucial.
- Measures to counter speculative moves outlined.
Yoshimasa Hayashi underlined the government's determination to stabilize the Yen's exchange rate.
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