
Recent developments in the Japanese yen's value have prompted various actions and comments from Japan's financial authorities. The Bank of Japan (BOJ) has intervened in the currency market multiple times to stabilize the yen, which has been under pressure due to a significant yield gap between the U.S. and Japan. This intervention was highlighted by the BOJ's Governor Ueda, who emphasized the importance of stable currency movements reflecting fundamental economic factors. Despite these efforts, the yen has continued to weaken, with the U.S. Dollar reaching 154.80 against the yen, prompting further scrutiny and potential future interventions. Additionally, Japan's top currency diplomat, Kanda, has refrained from commenting on specific remarks by U.S. officials regarding these interventions, underscoring the delicate nature of currency stabilization efforts. Japan's Keidanren chief Tokura noted that the yen weaker than 150 yen against the dollar is too much.













$JPY CRISIS UPDATE ⚠️ The first time #Japan #MOF intervened on the $JPY it took 1 year to the FX to come back to the same level. The second time? 4months If the pattern remains the same $JPY will be back at 160 in ~4 weeks 🤷🏻♂️ @peruvian_bull @acrossthespread @leadlagreport https://t.co/PzwdcINavN https://t.co/vxXze6OqOs
⚠️ JAPAN'S HELPING HAND WITH BOE JUNE RATE CUT WINDOW Full Story → https://t.co/xPVgoNYsUH If worries about sterling were a factor preventing the Bank of England cutting interest rates too far ahead of the U.S. Federal Reserve, then Japan's dollar-selling intervention may,…
Japanese Yen continues to fall against the U.S. Dollar - will another intervention be needed soon? https://t.co/rciPJwX0XD