Japanese Yen Nears 4-Month Low, Eizai Sakakibara Warns of BOJ Intervention at 155-160 Range from 151.48 Level
The Japanese yen is trading near a four-month low, with concerns rising about potential intervention by the Bank of Japan if the yen falls to 155 against the US dollar. Referred to as 'Mr. Yen,' the former senior Japanese foreign exchange official Eizai Sakakibara suggests that intervention may occur if the yen weakens to the range of 155-160. The yen's current level of 151.48 against the dollar has already triggered intervention in the past, with market watchers closely monitoring the situation.
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JustDario 🏊♂️
🍿POPCORN ALERT 🍿 If the trend pattern we saw since Tuesday continues today in #Japan we have a good chance to seeing $JPY hitting 152 vs $USD already during Friday Asia session Above 152 the show begins 🍿 https://t.co/JNjGKmjLJw https://t.co/5ZTYC8l2c8
Zileen @Openstrat 💡If the USD/JPY exchange rate falls to 155, it may trigger the possibility of intervention by Japan. According to former senior Japanese foreign exchange official Eizai Sakakibara, if the yen falls to the range of 155-160 against the US dollar, Japanese authorities may…
MarketWatch ‘Mr. Yen’ says authorities may soon intervene as Japanese currency eyes multi-decade lows https://t.co/4K6m1OiHKg