Yen Tumbles as Japan’s New Leadership Cools Rate Hike Expectations

The Japanese yen plummeted on October 3, 2024, following surprising comments from the country’s new leadership. Prime Minister Shigeru Ishiba shocked currency markets by stating Japan’s economy wasn’t ready for another interest rate hike. His remarks triggered a sharp 2.9% overnight drop in the yen’s value against the US dollar. This decline marked the yen’s […]

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