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Japan Says Recent Yen Moves Driven by Speculative Trade
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4 Articles
Japan says recent yen moves driven by speculative trade
WASHINGTON, April 17 : Japanese Finance Minister Satsuki Katayama said on Friday recent moves in the yen have been driven by speculative trade to a significant extent, when asked about the currency's rebound following Iran's decision to open the Strait of Hormuz.Iran's Foreign Minister Abbas Araqchi said in a
[New York, Kyodo] On the New York foreign exchange market on the 17th, the yen was trading at 158.60-70 yen to the dollar as of 5 p.m., 55 sen higher than the previous day. The euro was trading at 1.1758-68 dollars and 186.60-70 yen. Iran has ordered all merchant ships to enter the Sea of Hormuz.
Japanese Yen softens on Middle East uncertainty; official warns of FX intervention
The post Japanese Yen softens on Middle East uncertainty; official warns of FX intervention appeared on BitcoinEthereumNews.com. The USD/JPY pair gathers strength around 159.35 during the Asian trading hours on Friday. The pair extends the rally for the third consecutive day amid uncertainty in the Middle East. However, heightening intervention warnings from Japanese officials might cap the upside for USD/JPY. US President Donald Trump said on …
USD/JPY Forecast: Slides on intervention fears, eyes range breakdown
The USD/JPY cross attracts fresh sellers following the previous day’s modest rise and drops to over a one-week low, around the 158.25 region during the Asian session on Thursday. Spot prices, however, manage to recover a few pips in the last hour and currently trade around the 158.70 area, down over 0.15% for the day. Comments from Japan’s Finance Minister, Satsuki Katayama, saying that she discussed with Treasury Secretary Scott Bessent on fore…
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