Japanese Yen Faces Challenges as it Remains Below 150.00 Mark Against USD
Wednesday, 28 February 2024, 02:20
Japanese Yen Struggles to Attract Buyers
The Japanese Yen (JPY) faces challenges as it continues to trade below the key level of 150.00 against the USD.
Underperformance Against the USD
The Japanese Yen (JPY) registered modest gains against its American counterpart on Tuesday.
It was underpinned by slightly stronger-than-expected consumer inflation figures in Japan.
However, the currency languishes under 150.00, indicating a lack of strong buyer interest.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.