News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
JPY Falls Below 160 per USD to 21-Month Low, Heightening Risk of FX Intervention
The JPY fell below the 160 level against the USD, hitting a fresh 21-month low at one point, heightening the risk that the Japanese government may step in to intervene in the marke...
Reset
Send
The window will close in 5 seconds
JPY Falls Below 160 per USD to 21-Month Low, Heightening Risk of FX Intervention
Close
Recommend
4
Positive
3
Negative
5
 
SHORT SELL
 
STOCK INFO
aacat by AASTOCKS
Open a new trading account to get Level 1 Real-Time Streaming!

The JPY fell below the 160 level against the USD, hitting a fresh 21-month low at one point, heightening the risk that the Japanese government may step in to intervene in the market. This morning (30th), the JPY was quoted at 160.277 per USD, while the Nikkei 225 slipped nearly 1% to JPY59,362.94.

Strategists at JPM said they expect intervention measures could emerge before the JPY weakens to 162 per USD. Strategists at G Sachs also noted that if the JPY rapidly declines to 163-164 per USD, the likelihood of direct intervention by the Japanese government would increase, although they believe the current trading trends of the JPY and Japanese government bonds are in line with fundamentals. (mn/w)

Related NewsCore Inflation Rate YoY for Apr in United States is 2.8%, higher than the previous value of 2.6%. The forecast was 2.7%.

Auto-translated by AI
View Original Text
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.

AASTOCKS Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.