Japan: Yen fällt erneut unter kritische Marke
Die japanische Währung verliert erneut an Wert gegenüber dem Dollar und unterschreitet die Marke von 160 Yen pro Dollar. Eine Zinserhöhung wird damit wahrscheinlicher.
Tokyo - The Japanese Yen has fallen below the critical mark of 160 yen per dollar, marking a continued decline that has cost the country more than half of its gains spurred by US and Japanese interventions. The currency slipped up to 160.01 yen against the greenback after the dollar gained momentum with the Fed chief Kevin Warsh's promise to achieve the central bank's inflation target.
Traders are now closely watching the Yen levels to spot signs of when authorities might intervene to protect the currency. The Yen has been under pressure since early in the month when it failed to break the 155 yen per dollar mark - following a joint action on July 31, when the US and Japan carried out their first coordinated Yen buying intervention since 1998.
The greenback has recovered this week after Warsh warned on Friday that inflation is not weakening significantly, fueling bets on interest rate hikes. Investors are concerned about the large interest rate gap between Japan and other economies, the country's high debt burden, and the impact of recent oil price hikes that have had worldwide effects.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
