- ARAB NEWS
- 06 May 2024
Since 1975
Japan’s government is watching currency moves with a “high sense of urgency” as rapid exchange-rate moves are undesirable, a senior Ministry of Finance (MOF) official said on Thursday in the wake of the yen’s slump to a fresh 24-year low.
The dollar hit a 24-year high of 139.59 against the yen in early Asia trade on Thursday, a gain of about 0.5% on the previous day’s close, as investors braced for further aggressive interest rate hikes by the U.S. Federal Reserve.
Reuters
