Japan intervened in the FX market -- report
So there was a question about whether the move in the yen was due to the strong verbal intervention today, a rate check or actual intervention and it looks like we got our answer.
The Ministry of Finance intervened in the FX market to buy the yen (presumably via selling USD/JPY).
Finance Minister Katayama issued a warning after yen breached 160 to dollar. We are getting closer to taking decisive step in FX market, he said.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
10-Yr Benchmark Govt Yields - U.S. vs Other Nations
UltraGreen.ai Target Price Cut to US$0.65 From US$0.80 by DBS Group Research >ULG.SG
Strike Energy Raised to Outperform From Neutral by Macquarie >STX.AU
Beach Energy Target Price Raised 6.7% to A$0.80/Share by Macquarie>BPT.AU
Crypto prices
More
