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Podcast: The Afternoon Update with Lynlee Foo
Episode: Money in the Market: Japanese yen at a 34-year low - how much lower can it go?
Description: Japan issued its toughest warning yet for FX traders on its willingness to intervene after the yen slid to its weakest level against the dollar since 1990. The yen dipped to 151.97 versus the greenback early yesterday in Tokyo. That’s beyond the level at which policymakers stepped in during October 2022. So what’s led to the weakness in the yen? And will an intervention be enough to revive the yen? On Money in the Market, Hongbin Jeong speaks to Peter Chia, Senior FX Strategist at UOB, to find out more. See omnystudio.com/listener for privacy information.