Yen Near 40-Year Lows vs Dollar – Deutsche Bank
The Japanese yen remains under pressure, trading close to 40-year lows against the US dollar, according to Deutsche Bank analysts.
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Deutsche Bank's Early Morning Reid report notes that the Japanese yen is hovering near multi-decade lows versus the US dollar. The currency pair is approaching levels not seen in about 40 years, reflecting persistent yen weakness.
Analysts attribute the pressure to the wide interest rate differential between Japan and the US, as the Bank of Japan maintains its ultra-loose monetary policy while the Federal Reserve keeps rates elevated. No specific price levels or forecasts were provided in the note.
Source: FXStreet Forex News