Yen Declines Accelerate Back Towards Major Low

Global FX Insights • Jun 21, 2024 at 4:39 AM EDT

Yen declines have accelerated in recent sessions, with the currency trading back to its lowest level since late April when it put in a multi-year low against the Buck.

Japanese yen banknotes — Stock Photo, Image

Image Source: DepositPhotos

Yen declines have accelerated in recent sessions, with the currency trading back to its lowest level since late April when it put in a multi-year low against the Buck. Key standouts on Friday’s calendar come from UK retail sales, public borrowing, and PMI reads, Eurozone PMI reads, Canada retail sales and producer prices, and US manufacturing PMI data and existing home sales.

Video Length: 00:01:20

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