Japan's top currency official expressed concern over the recent yen weakness, stating it is unusual and not in line with economic fundamentals. He reiterated readiness to intervene if necessary to stabilize the exchange rate. Speculation arose about potential intervention during the Easter weekend when many markets are closed. Market signals indicate officials are prepared to act to address the yen's decline, impacting Japan's capital markets and potentially global effects.
Yen falls on Japan Inc.'s reluctance to repatriate profits. https://t.co/vjfPcw5VPn
The Japanese yen is continuing to slide against the U.S. dollar despite the Bank of Japan ending its negative interest rate policy on March 19. Why is the yen falling, and what does this mean for Japan? https://t.co/rKa9RdcALk
On topic: Why is the Japanese yen so weak? https://t.co/BzsuXsPWlO