Why Are the U.S. and Japan Trying to Prop up the Yen and What Does It Mean for Canada?

Carry Traders Are Exploiting Intervention to Rebuild Yen Shorts

Every intervention to prop up the yen is also creating a fresh opportunity to sell it.

Why are the U.S. and Japan trying to prop up the yen and what does it mean for Canada?

Here's why the Japanese yen is so important, what could happen if its value falls and what it means for Canada. Find out more.

Why Japan Is Struggling to Prop Up the Yen, Even With US Help

The yen’s weakness has become a growing issue for Japan’s policymakers, given its role in driving up import prices and household living costs. It’s also become a worry for the US.

USD/JPY in Positive Territory: Yen Gives Back Intervention Gains - ActionForex

USD/JPY rose to 159.53 on Thursday, returning towards the 160.00 area as the Japanese yen weakened. The move has kept markets on alert for possible further intervention by the authorities amid persistent currency weakness. Fundamental factors continue to weigh on the yen: a wide interest rate differential, rising fiscal risks, and elevated energy and import […] The post USD/JPY in Positive Territory: Yen Gives Back Intervention Gains appeared fi…

USD/JPY forecast as US and BoJ forex intervention backfires

The Japanese yen continued its recent retreat, reaching its lowest level since July 31 as the recent US intervention backfired. The USD/JPY pair rose to 159.43, up by 2.72% from its lowest level this month.  Japanese yen retreat continues as carry trade intensifies The USD/JPY pair crashed hard earlier this month, reaching its lowest level since May, after the Donald Trump administration made its biggest intervention in years. It did that by con…