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Yen Plunge Sparks Global Market Ripples | Business and Finance News
Description
The yen just hit a 40-year low against the dollar, sparking fears Japan may intervene to prop it up — a move that could ripple through global markets. Driven by the Fed’s hawkish stance and Japan’s lagging rates, investors are flooding into U.S. assets, weakening the yen further. For Japan, this means soaring import costs and potential economic turmoil, especially amid Middle East energy volatility. If Tokyo sells U.S. Treasuries to buy yen, it might not move the giant bond market much — but could trigger panic among “carry trade” investors, forcing them to sell U.S. stocks and sending tech shares tumbling, as we saw in 2024. The world’s economies are deeply entangled — and this yen plunge could be the next domino.
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