US EditionYen extends rally as Japan PM Takaichi’s warning raises intervention risk
Japan and U.S. officials signal coordinated action to stabilize the yen after a nearly 3% rally amid volatile currency and government bond markets, ahead of Japan's snap election.
7 Articles
7 Articles
"Rate checks, verbal warnings – and soon new support purchases for the weak yen by the Bank of Japan? Prices are clearly responding, but experts warn of excessive expectations.
Investors on alert after Japanese market jitters
Japan continued to preoccupy traders at the start of the week after the country’s prime minister suggested that the government was ready to support the yen, pushing the currency up to its strongest level against the dollar in two months following market turbulence that has been described as a “Liz Truss-lite moment”. The yen marked its third consecutive rise against the greenback, climbing 0.8 per cent to finish the day at ¥153.8. The moves came…
The week begins with a unanimous warning from the analysis firms. Fiscal fears can give way to imminent intervention by the central banks, more specifically, to joint action by the Fed and the Bank of Japan. Read
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