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
$2M+ Raised! BlockDAG Presale Explodes in Bear Market While SHIB & DOGE Test Support
Iino Kaiun attends Tokyo Metropolitan Government King Salmon Project in Tokyo
Aurizon Target Price Cut 2.9% to A$3.40/Share by UBS>AZJ.AU
NASDAQ TRADE HALT CONTINUES <UCFI.O> REASON NOT AVAILABLE AT 07:50 PM
Crypto prices
More
