Yen rises to highest since February, topping intervention rally
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10 Articles
Yen Rises to Strongest Since May, Topping Intervention Rally
Yen’s Broad Surge: Why the BoJ Rate Path, Not Intervention, Is the Real Story - ActionForex
Yen surged roughly 1% against every major currency on Monday, with USD/JPY breaking through 155, a level that had repeatedly marked the floor after Japan's earlier intervention episodes this year, extending Yen's cumulative gain against Dollar to around 3.3% over the first five trading sessions of September.
The yen surprised the financial market this Monday. The Japanese currency rose up to 1.4% against the dollar, reaching 154.06 yen, the strongest level since February and above the peak reached in early August, after Japan and the United States made a joint intervention to contain the devaluation of the currency. Last week, the...
The yen has reached 154.04 for a dollar, its best level since February, while the markets anticipate an increase in Japanese rates. The article The yen at the highest in six months, the operators look for an intervention appeared first on Coin Academy
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