TOKYO, May 7 — The yen continued to drift lower against the dollar today as gaping interest rate differentials weighed on the currency, despite fresh warnings from Japanese...
Selangor FA says Faisal Halim needs further ops as acid attack left footballer with fourth-degree burns, speech and movement affected
The US dollar gained 0.22 per cent to ¥154.235 in early Asian trading, adding to its 0.58 per cent rally from yesterday. “USD/JPY likely remains attractive to market participants because of the still wide US Japan interest rate differentials and healthy risk appetite,” Carol Kong, a currency strategist at Commonwealth Bank of Australia, wrote in a client note.“The risk is USD/JPY creeps back up and forces Japan’s Ministry of Finance to intervene,” but barring that, the dollar is likely to see a period of consolidation into the Bank of England policy decision on Thursday, she said.
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