Branch2 Intelligence
Yen pinned near 40-year low in test of Tokyo's intervention resolve
Key takeaway
Yen near 40-year low vs USD, testing BOJ intervention resolve.
- Step 11st-order: Yen weakens to near 40-year low as BOJ maintains ultra-loose policy vs Fed's higher-for-longer stance.
- Step 22nd-order: UK SMEs with yen-denominated input costs face margin compression as GBP/JPY cross rate widens.
- Step 33rd-order: Japanese exporters gain pricing power in UK and third markets, pressuring UK manufacturers in sectors like autos and electronics.
Source: Economic Times (Markets)
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