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JPY Once Hits New Low Since Jul 2024; JP Official Issues Strong Warning on FX Intervention
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The Japanese yen shattered below the critical threshold of 160 per US dollar this morning (30th), prompting Atsushi Mimura, Japan's Vice Minister of Finance for International Affairs, to issue the strongest warning yet to speculators. He forewarned that if the current situation persists, authorities may need to take bold measures in the FX market. This morning, the yen fell to its lowest level since the Japanese government intervened in the FX market in July 2024. Following Mimura's remarks, the yen strengthened, rebounding to 159.78 per US dollar. Mimura stated that the government is fully prepared to respond comprehensively, with a broad and extensive focus. AASTOCKS Financial News Website: www.aastocks.com |
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