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.Related NewsInitial Jobless Claims for Apr/25 in the United States is 189K, lower than the previous value of 215K. The forecast was 215K.(to/s)
AASTOCKS Financial News