The Japanese yen weakened past 152 per dollar on Thursday, nearing an eight-month low as markets brace for new Prime Minister Sanae Takaichi's large-scale stimulus plan expected next month. Investors anticipate continued accommodative policy from the Bank of Japan, with the next rate hike likely only in January. Meanwhile, the prolonged US government shutdown'now in its fourth week'has delayed key economic data, complicating the Fed's outlook. Markets are betting on two rate cuts this year, one in October and another in December, adding further volatility to the yen's trajectory.

Powered by Capital Market - Live News