Market News
Japan yen hits 18-month low; traders weigh up chances of intervention - REUTERS
Summary
- Yen at weakest since 2024 on reports Japan PM may call snap election on February 8
- Central bankers and Wall Street CEOs line up in support of independent Fed
- Supreme Court ruling on tariffs may land later
LONDON, Jan 14 (Reuters) - The yen fell to its weakest level in a year-and-a-half against the dollar on Wednesday on speculation about a potential snap election that could pave the way for fiscal stimulus, prompting traders to consider the possibility that Japanese officials may step in to prop up the currency.
The yen slipped as much as 0.2% to 159.45 yen per dollar , its weakest since July 2024, earlier in the day, but strengthened in volatile trade as the day progressed, leaving the dollar down 0.3% at 158.66 by midday in Europe.
