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Japan Reportedly Launches FX Intervention; USD/JPY Falls to 155 Level
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According to Nikkei, officials confirmed that the Japanese government and the Bank of Japan intervened in the foreign exchange market on Thursday by buying JPY and selling USD. The JPY rebounded from 160 against the USD to the 155 level. Every JPY100 rose back above HKD5.00. Finance Minister Satsuki Katayama and other officials had earlier issued verbal warnings on Thursday over the excessive depreciation of the JPY. Katayama told reporters that the time for decisive action was approaching in response to the sharp decline of the JPY. (to/s) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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