Dollar Nears 160 Yen as Traders Brace for U.S. Data and Inauguration Day
The U.S. dollar maintained its strength on Wednesday, driving the yen (USD/JPY) to 158.19, close to its six-month low of 158.42. This level has revived concerns of potential government intervention as Japan’s Finance Minister Katsunobu Kato reiterated warnings against speculative moves. Market Overview The yen’s decline reflects the contrasting outlooks between Japan and the U.S. […]