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Yen Back at ¥160 to the Dollar About a Month After Massive Intervention
Renewed Gulf fighting and stronger U.S. labor data lifted the dollar, erasing Tokyo’s 11.7 trillion yen intervention gains.
Summary by The Japan Times
10 Articles
10 Articles
Yen slips to key 160 level as Gulf hostilities boost dollar
·New York, United States
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On the Tokyo foreign exchange market on the 3rd, the yen depreciated against the dollar, briefly reaching the 160 yen level. This was the first time the yen had been in the 160 yen range since the end of April, before currency intervention, about a month ago. With no clear progress seen in negotiations between the United States and Iran to end the fighting, uncertainty about the outlook for the Middle East situation has led to the dollar, the wo…
Coverage Details
Total News Sources10
Leaning Left1Leaning Right0Center3Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 25%
C 75%
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