Japanese Yen struggles near multi-decade low ahead of US GDP; looks to BoJ on Friday

The Japanese Yen (JPY) extends its weakening trend further below the 155.00 psychological mark and drops to the lowest level since June 1990 against its American counterpart during the Asian session on Thursday.

The Japanese Yen (JPY) continues losing ground against its American counterpart and drops to a fresh multi-decade low, around the 155.70-155.75 region heading into the European session on Thursday. The Bank of Japan (BoJ) has indicated that it is in no rush in terms of policy normalization, while the Federal Reserve (Fed) is expected to delay cutting interest rates in the wake of still sticky inflation. This, in turn, suggests that the wide interest-rate differential between Japan and the Uni


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