Yen Hits 34-Year Low as BOJ Faces Limited Options

Despite recent interventions, the Japanese yen continues to weaken against the dollar, with little expectation of a turnaround.

• The yen has reached a new 34-year low against the dollar, trading as low as 155.74.
• Bank of Japan's policy adjustments have had limited impact on stemming the yen's decline.
• Market speculations hint at possible further interventions, but effectiveness remains uncertain.
• Investors are closely monitoring the BOJ's upcoming decisions and any potential shifts in U.S. monetary policy.
• The persistent strength of the dollar and higher U.S. interest rates continue to drive the yen's depreciation.

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