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Japanese monetary authorities decided to advance an emergency meeting on the weak yen from Thursday to Wednesday to enhance the impact of addressing sharp yen declines. The move aimed to maximize market impact and stabilize the yen. The meeting was rescheduled last-minute to discuss the weakening yen, with a focus on the $10 trillion FX market that contributed to the USD's decline.
There is of course the whole $10 trillion FX market which was also open and which sent the USD lower https://t.co/nz85OSpyNI
Japanese monetary authorities made a last-minute decision to reschedule an emergency meeting to discuss the weak yen earlier. https://t.co/oP5nFXudfq
Japan brought forward emergency yen meeting to maximise market impact - rtrs