Battered yen struggles to find floor as Bank of Japan's policy at odds with higher rates

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Yen,Dollar,Bank Of Japan

The yen remains near a three-decade low against the dollar as the Bank of Japan's monetary policy clashes with the prospect of higher rates elsewhere. The Japanese currency also slumped against the euro and British pound.

The battered yen was stuck near a three-decade low against the dollar today, struggling to find a floor as the Bank of Japan's (BoJ) ultra-easy monetary policy settings remained at odds with the prospect of higher-for-longer rates elsewhere. The Japanese currency similarly slumped to a 15-year low of 162.38 per euro in early Asia trade and slid to a roughly three-month trough of 186.25 per British pound. Against the dollar, the yen last stood at 151.72, languishing near a one-year low of 151.

92 hit on Monday. A break below last year's trough of 151.94 per dollar would mark a fresh 33-year low for the ye

Yen Dollar Bank Of Japan Monetary Policy Rates Euro British Pound

 

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