May 7, 2024 2:30 PM

Yen weakens despite intervention threat, Aussie eases after RBA

The yen continued to drift lower against the dollar on Tuesday as gaping interest rate differentials weighed on the currency, despite fresh warnings from Japanese officials following two rounds of suspected dollar-selling intervention last week. The Australian dollar eased back from near a two-month high versus its U.S. counterpart after the Reserve Bank of Australia kept rates steady as widely expected, and refrained from ramping up hawkish signals in its policy statement. The Aussie AUD=D3 s...