Japan intervened in the FX market -- report
So there was a question about whether the move in the yen was due to the strong verbal intervention today, a rate check or actual intervention and it looks like we got our answer.
The Ministry of Finance intervened in the FX market to buy the yen (presumably via selling USD/JPY).
Finance Minister Katayama issued a warning after yen breached 160 to dollar. We are getting closer to taking decisive step in FX market, he said.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
iCapital Raises 10-Year Yield Target: What Happens to Stocks at 5.3%?
Oil prices fall 1% on hopes of limited supply disruptions
Chainflip to relaunch cross-chain swaps minus Tron after $736,442 USDT exploit
Correct: Nucor 2Q EPS $5.04, Not 3Q >NUE
Crypto prices
More
