The yen came under pressure against most other major baskets on Wednesday, June 28, although Japanese authorities said they could intervene to support it, while the Australian dollar fell after inflation slumped data showed in May.
The Japanese currency was influenced by market expectations that the Bank of Japan would keep interest rates very low while other central banks tightened their monetary policy to curb inflation, leading to speculation as to whether and when the central bank would intervene to halt the yen’s trend.
The yen fell to 144.2 against the dollar on Wednesday to reach a seven-month low, and fell to a 15-year low of 157.94 against the euro.
Commonwealth Bank of Australia currency analyst Carol Kong said the yen was expected to continue to fall against the dollar, meaning the likelihood of Japan’s Ministry of Finance intervening in the foreign exchange market increased.
GOOGL 
AMZN 
MET 
T 
WPM 
DM 
SVM 
CMC 
HKDUSD=X 
BABA 