Yen hits fresh 2-week lows, market sentiment in focus.
The yen weakened to a two-week low against the dollar on Wednesday, dragged down by renewed doubts over the Bank of Japan’s policy path and mounting tensions with China, with investors keeping an eye on wider risk appetite.
Japan's currency fell on Tuesday after a report that Prime Minister Sanae Takaichi told the BOJ she had reservations about more interest rate hikes and in reaction to China putting more Japanese firms on an export control list in retaliation for Takaichi’s comments about Taiwan.
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Yen hits fresh 2-week lows, market sentiment in focus.
The yen weakened to a two-week low against the dollar on Wednesday, dragged down by renewed doubts over the Bank of Japan’s policy path and mounting tensions with China, with investors keeping an eye on wider risk appetite.
Japan's currency fell on Tuesday after a report that Prime Minister Sanae Takaichi told the BOJ she had reservations about more interest rate hikes and in reaction to China putting more Japanese firms on an export control list in retaliation for Takaichi’s comments about Taiwan.
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