Japan’s Katayama Flags Possible Intervention as Yen Nears 160

USD/JPY: Yen Weakness & Japan Intervention Risks as Dollar Gains

Archyde The USD/JPY exchange rate is nearing critical levels around 160, driven by geopolitical tensions in the Middle East and diverging monetary policies between the U.S. And Japan. This is prompting ... Read More The post USD/JPY: Yen Weakness & Japan Intervention Risks as Dollar Gains appeared first on Archyde.

Bulls retain control despite intervention warnings

The USD/JPY pair turns positive for the fourth straight day following an intraday dip to the 159.45 area and touches a fresh high since July 2024 during the early European session on Friday. Given that Japan depends mostly on oil imports from the Middle East, the ongoing Iran war has been fueling worries that Japan’s economy will come under substantial strain in the foreseeable future. This, in turn, continues to undermine the Japanese Yen (JPY)…

Japan’s Katayama Flags Possible Intervention as Yen Nears 160

Japan’s finance minister flagged the possibility of taking “bold actions” to counter currency moves, a reference to intervention, as the yen traded …