Breaking
Posted 4 hours ago
Suspected Yen Intervention as Currency Nears 1986 Lows
Markets suspect Japanese authorities have stepped in to prop up the yen after a sudden, sharp move with no clear news catalyst — the telltale sign of intervention, since Tokyo's Ministry of Finance does not confirm action in real time. The yen had slumped back to around 161.5 per dollar, near its weakest since 1986, erasing all the gains from April's record intervention as the wide US–Japan rate gap and a Middle East energy shock keep the dollar strong.
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3 hours ago
Yen Depreciation Returns to Two-Year Level: Finance Minister Katayama and US Treasury Secretary Bessent Held an Emergency Online Meeting.
https://x.com/financialjuice/status/2069071052458651929Replies
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