Yen saw broad declines during Asian session, briefly falling below 158 against Dollar, but the selloff was quickly mitigated by verbal intervention, as least partially. The decline was triggered by weaker-than-expected Tokyo inflation data. Stripping out energy and food prices, core-core inflation remained relatively stable, signaling limited urgency for BoJ to proceed with further rate […]
The post Yen Slides on BoJ Caution and Soft Inflation, Verbal Intervention Curbs Losses appeared first on Action Forex.
