Title: Yen Bouncing Back After 24-Year Lows!
Post by: PocketOption on Sep 12, 2022, 12:37 pm
Post by: PocketOption on Sep 12, 2022, 12:37 pm
Yen Bouncing Back After 24-Year Lows!
Source: Yen Bouncing Back After 24-Year Lows! (https://www.orbex.com/blog/en/2022/09/yen-bouncing-back-after-24-year-lows)
After the yen slid to its lowest point against the dollar in 24 years, officials are looking at ways to boost the economy.
Dropping as much as 1.7%, the Deputy Chief Cabinet Secretary said a weak yen was most effective in attracting inbound tourism.
Will this be enough to stop the US dollar steam train after it gained strength against other currencies for most of the year?
Timestamps
USDJPY 01:30
EURUSD 03:00
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Source: Yen Bouncing Back After 24-Year Lows! (https://www.orbex.com/blog/en/2022/09/yen-bouncing-back-after-24-year-lows)