Yen Decline: Japan's Currency Weakens After Five Days of Strength

The Japanese yen lost more than 1% in value against the US dollar on Tuesday morning, ending a five-day upward trend that began after the Bank of Japan raised interest rates last week. Japan's currency fell to 145.82 against the greenback. The yen had shown significant strengthening on Monday, leading to a sharp decline in Japanese stocks and wiping out their gains since the beginning of the year. However, technical indicators now signal a potential recovery for Japanese stocks after their recent plunge.