The Japanese yen remained around 158 per dollar on Thursday, staying near its lowest point in about six months.
Yen stays near six-month low amid dollar strength
The yen is under pressure due to the strength of the US dollar, supported by hawkish signals from the Federal Reserve and increasing concerns over Trump’s tariff threats. On the domestic front, data showed a 0.3% year-on-year decline in real wages in November, marking the fourth straight month of negative real wage growth, which has raised doubts about potential interest rate hikes by the Bank of Japan. Additionally, consumer sentiment in Japan weakened in December, reinforcing expectations of a dovish stance from the BOJ.
Japan warns on currency volatility, May intervene
Finance Minister Katsunobu Kato also reiterated his earlier warning against speculative, one-sided moves in the currency market, signaling the government's readiness to intervene if volatility continues.
