𝘿𝒐𝙡𝒍𝙖𝒓 𝑯𝙤𝒍𝙙𝒔 𝑺𝙩𝒆𝙖𝒅𝙮 𝙖𝒔 𝑰𝙣𝒇𝙡𝒂𝙩𝒊𝙤𝒏 𝑫𝙖𝒕𝙖 𝙇𝒐𝙤𝒎𝙨; 𝒀𝙚𝒏 𝑵𝙚𝒂𝙧𝒔 160. The U.S. dollar remained steady on Monday as traders awaited new data on U.S. inflation, which is expected to impact interest rate decisions. Meanwhile, comments from Japanese authorities failed to slow the yen's decline, which approached the key level of 160.   The yen weakened to 159.94 per dollar in early trading on Monday, marking its lowest level since April 29. On that date, the yen hit a 34-year low of 160.245, prompting Japanese authorities to intervene with a 9.8 trillion yen expenditure to support the currency.   As of the latest update, the yen was at 159.70 per dollar. Japan's top currency diplomat, Masato Kanda, stated on Monday that authorities would take appropriate action if there were excessive movements in the foreign exchange market. He also noted that Japan's inclusion on the U.S. Treasury's forex monitoring list would not hinder their ability to intervene. Full article here : https://mykvb.com/insights/mar...