<div id="readability-page-1"><div>[TOKYO] The Japanese yen softened against the greenback on Friday (Dec 26) as investors remained on watch for potential intervention to shore up the currency, while the US dollar gained slightly against the euro in thin trading volumes.The yen has remained on the back foot despite a Bank of Japan interest rate hike last week, on concerns about expansive fiscal policy in the country. Japan’s government on Friday proposed record spending for next fiscal year while curbing debt issuance, underscoring Prime Minister Sanae Takaichi’s challenge in boosting the economy while inflation remains above the central bank’s target. Data on Friday also showed that core consumer inflation in Japan’s capital slowed in December on moderating cost pressure for food but stayed above the central bank’s 2 per cent target, firming the case for further interest rate hikes. Bank of Japan governor Kazuo Ueda said on Thursday the nation’s underlying inflation is accelerating gradually and steadily approaching the central bank’s 2 per cent target, reiterating the central bank’s readiness to continue raising interest rates.The yen has come off its recent lows, however, as Japanese officials warn about potential intervention. Japan has a free hand in dealing with excessive moves in the yen, Finance Minister Satsuki Katayama said on Tuesday, issuing the strongest warning to date on Tokyo’s readiness to intervene in the currency market to arrest sharp declines in the currency.Against the yen, the dollar was last up 0.48 per cent on the day at 156.54. It reached 157.77 last Friday. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, rose 0.01 per cent to 98.04, with the euro down 0.04 per cent at US$1.1772. Sterling fell 0.22 per cent to US$1.3493.The greenback has weakened this year as investors price in further Federal Reserve rate cuts while other central banks are expected to hold rates steady.Fed officials are balancing a weakening labor market against concerns about inflation that continues to run above the central bank’s 2 per cent annual target. Fed funds futures traders are pricing in between two and three 25 basis point cuts next year, with the first possible in March.In cryptocurrencies, bitcoin fell 0.58 per cent to US$87,340. REUTERS</div></div>

GBTC

日本 yen 在对美元的汇率中走弱，因市场担忧可能会进行干预以支持该货币。尽管日本银行最近加息，但宽松的财政政策和高于目标水平的通胀对经济稳定构成挑战。日本政府提出了创纪录的支出计划，同时限制债务发行。美元对日元和欧元小幅上涨，而日元仍然承压。比特币也出现了轻微下跌。预计美联储明年将降息，以平衡疲软的劳动力市场与通胀担忧

由于交易员对干预风险保持警惕，日元在清淡的交易中走弱