US EditionCurrency markets on guard for intervention in Japan's yen
Japan and the U.S. may jointly intervene to curb excessive yen volatility amid years-long weakness and rising import costs, with the yen’s sharp Friday rise seen as a key trigger.
- The Yen strengthened by 1% amid speculation that Japanese authorities might intervene to bolster the currency, possibly with the US's help.
- Dollar observers noted signs of US support for the Yen, reviving talks of coordinated currency intervention to lower the dollar against key trading partners.
- Dollar weakness was reported as it fell to 153.89 Yen amid discussions of potential joint intervention to support the Yen's value.
- Gold surpassed $5,000 per ounce for the first time, influenced by rising geopolitical risks and a retreat from fiat currencies.
31 Articles
31 Articles
Japan in Close Contact With US on Yen as Needed, FX Chief Says
Japanese Finance Minister Satsuki Katayama said that the government is responding to currency moves in line with the US-Japan joint statement, amid speculation the two countries coordinated on rate checks to prop up the yen on Friday.
Concern about foreign exchange market intervention causes a price slip on Japan's stock exchange. An analyst stresses the dangers for foreign investors.
Moneycontrol
Cryptocurrency News | Cryptocurrency Prices | Market CapDollar pressure mounts as traders game out US plans for yen
Last week was the dollar’s worst since May after a week of unpredictable US policymaking rattled financial markets
Yen Surges Amid Speculation of U.S.-Japan Intervention
The yen reached a two-month high as speculations of a coordinated intervention by U.S. and Japanese authorities grew. The FX market witnessed a game-changing move, with the U.S. Federal Reserve checking currency rates, sparking investor response and impacting global currency markets, as well as precious metals.
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
