💨 Abstract

On Tuesday, the yen stabilized near 154.47 per dollar due to a pullback in the U.S. dollar, which experienced profit-taking after a strong rally. The Bank of Japan Governor Kazuo Ueda did not provide hints about a possible December rate hike, despite economic and price pressures suggesting one. The yen has weakened by 7% since October, and traders are watching for intervention from Japanese authorities to support the currency.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖