Market News
Yen hovers near 5-month low as BOJ's cautious stance weighs - REUTERS
- Summary
- Japan's currency gets little respite from intervention warnings
- Dollar buoyed by Fed signals for slow pace of easing in 2025
- Forex trading subdued with many investors away for holidays
TOKYO, Dec 27 (Reuters) - The yen hovered near a five-month low against the dollar on Friday as the U.S. Federal Reserve's hawkish messaging contrasted with the Bank of Japan's cautious approach to further policy tightening.
The yen traded at 157.765 per dollar as of 0600 GMT, edging up 0.1% from Thursday, but still close to that session's low of 158.09 per dollar, the yen's weakest level since July 17.
Japan's currency got little respite from a fresh warning from the country's finance minister that the government "has been alarmed by foreign exchange developments ... and will take appropriate action against excessive moves."
