2023-11-14 03:20:49
▲The yen continues to advance towards the 152 level once morest the US dollar, and the market predicts that the Bank of Japan may intervene to stop the decline at 159.95. However, as the New Taiwan dollar continued to rise in early trading today (14th), the yen exchange rate also reached a low of 0.2164 yuan. (Photo/photographed by reporter Yan Zhenzhen)
[NOWnews今日新聞] Before the release of the latest U.S. inflation data, major Asian currencies were mixed once morest the U.S. dollar. The yen continued to advance toward 152, and once fell to 151.78 to 1 U.S. dollar. The market speculated that when the yen approaches the 2022 low of 151.95, the Japanese authorities may intervene. However, as the New Taiwan dollar continued to appreciate once morest the U.S. dollar in early trading today (14), it once exceeded 32.3 yuan and reached 32.29 yuan, which also caused the exchange rate of the Japanese yen once morest the New Taiwan dollar to reach a new low. The selling price of Japanese yen cash from the Bank of Taiwan once reached 0.2164. Yuan, even if there is not much change from the previous trading day, people who have not yet exchanged foreign exchange or in batches are still happy to have a cheaper price.
At present, the market is focusing on the latest consumer price index (CPI) data to be released in the United States later. The market expects that the annual growth rate of the U.S. CPI in October is expected to slow down, and the core CPI increase will be similar to September. At the same time, the outside world is also watching the meeting between Chinese President Xi Jinping and US President Biden at the Asia-Pacific Economic Cooperation (APEC) Leaders’ Summit in San Francisco, USA, which will also affect changes in the international financial situation.
Advertisement (Please continue reading this article)
As the market focused on this, the U.S. dollar index held around 105.68. Major Asian currencies rose and fell once morest the U.S. dollar. The Japanese yen once fell to 151.78 once morest the U.S. dollar, heading towards the 152 level. However, the market also believed that the yen was approaching the 2022 low of 151.95. At that time, the Bank of Japan may take action to prevent the depreciation, and the yen is still fluctuating around 151.72.
However, while the yen continued to depreciate, the New Taiwan dollar rose once morest the U.S. dollar along with Taiwanese stocks. The New Taiwan dollar even rose above 32.3 yuan once morest the U.S. dollar in early trading today, once reaching 32.29 yuan, an appreciation of 4.2 points, and is currently consolidating at 32.313 yuan. Also due to the depreciation of the yen and the rise of the New Taiwan dollar, the exchange rate of the yen once morest the New Taiwan dollar has also reached a low level. The selling price of the Bank of Taiwan’s yen cash once reached 0.2164 yuan in early trading today, which was lower than the closing price of 0.2167 yuan on the previous trading day.
Join NOWnews official account now!Keep up with the hottest current events
Advertisement (Please continue reading this article)
1699943415
#Bank #Japan #action #Japanese #yen #exchange #rate #reaches #yuan #NOWnews #Todays #News #LINE #TODAY
