Yen strengthens a touch after BOJ minutes, traders still on intervention watch
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The yen strengthened slightly after the Bank of Japan (BOJ) minutes indicated a consensus among board members for potential interest rate hikes. Despite this, the yen remains under pressure, with intervention warnings from Japan's Finance Minister. The dollar was down 0.17% against the yen, while the Australian dollar reached its highest level against the yen since July 2024. Geopolitical tensions and upcoming U.S. Federal Reserve minutes are influencing market sentiment amid thin trading conditions ahead of the New Year.
Source: Reuters The copyright of this article belongs to the original author/organization.
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