Japan just put a ‘Band-Aid’ on the yen. Why high oil prices could soon rip it off.
Corroborated by 2 sources from 2 publishers
asiageneral1d ago
TL;DR
Japan just put a ‘Band-Aid’ on the yen. Why high oil prices could soon rip it off. A rare move by Japan to support its currency on Thursday helped rescue the yen from its weakest level in about 40 years — but high oil prices brought on by the Iran war are hindering the chances of a stronger recovery.