Low interest rates, political uncertainty fuel selling pressure against euro, pound

20250923N Money

The yen has weakened across a broad swath of currencies other than the U.S. dollar. (Photo by Akira Kodaka)

SHINICHI ARAKAWA

TOKYO — The yen’s weakness across a broad swath of currencies, fueled by negative real interest rates and political uncertainty, comes amid an apparent revival of the yen carry trade that had dragged down the Japanese currency until early last year.





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