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Yen slides past key level as Bank of Japan stands pat on rates
The Straits Times
|December 20, 2024
The yen weakened past the key level of 155 versus the US dollar on Dec 19 after the Bank of Japan (BOJ) kept interest rates steady.
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Japan's currency slid as much as 0.4 per cent against the greenback to 155.44, a level last seen in November. That followed a 0.9 per cent slide in the yen on Dec 18 after the US Federal Reserve cut interest rates while signalling caution over future rate reductions.
The yen also weakened against the Singapore dollar, trading down 0.4 per cent at 114.031 as at 12.50pm Singapore time.
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