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yenâs fluctuationsReuters
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79% Informative
Japanese yen has been under pressure in the past few years as markets focused on wide U.S.-Japan interest rate differentials.
The yen lost more than 20% against the dollar since the outset of 2022 , prompting several rounds of intervention by Tokyo to prop up the currency in September and October that year.
It kept falling despite further intervention in April and May 2024 , touching a 38-year low of 161.96 to the dollar on July 3 .
Analysts expect the BOJ to eventually raise interest rates to levels deemed neutral to the economy, around 1% to 1.5% in the next few years .
Such a gradual tightening would leave Japanese borrowing costs very low compared with other countries.
A weak yen pushes up the cost of importing fuel, food and raw material, hurting retailers and households.
VR Score
90
Informative language
97
Neutral language
58
Article tone
formal
Language
English
Language complexity
47
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
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