Category: Intervention
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Japanese yen fragile as USDJPY nears 162; intervention in focus By Investing.com
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The Japanese yen held near its weakest level in 38 years on Thursday, with the currency’s recent slide and low liquidity during a U.S. market holiday raising fresh speculation about government intervention. The yen, which measures the number of yen needed to buy one dollar, was down 0.1% at 161.50…
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Asia FX steadies as dollar dips after Powell comments; yen intervention eyed By Investing.com
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Most Asian currencies were steady on Wednesday, tracking some weakness in the dollar overnight after Federal Reserve Chairman Jerome Powell signaled progress toward lowering inflation. The Japanese yen remained fragile and at its weakest level in 38 years, with the focus squarely on possible government intervention in the currency market.…
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Japan’s fin min affirms FX vigilance but avoids intervention warning By Reuters
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Written by Makiko Yamazaki TOKYO (Reuters) – Japanese Finance Minister Taro Kono said on Tuesday authorities were vigilant for sharp moves in the currency market as the yen continued to slide to a 38-year low against the dollar, but he stopped short of issuing a clear warning of intervention. The…
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Asia FX muted as dollar nears 2-mth high; yen crosses intervention levels By Investing.com
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Investing.com – Most Asian currencies moved little on Thursday as traders remained largely biased towards the dollar in anticipation of more major US economic signals. The focus was also on possible government intervention in the Japanese yen, which broke above levels that had prompted government intervention in May. Sentiment towards…
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Dollar consolidates ahead of key inflation release; yen nears intervention By Investing.com
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Investing.com – The U.S. dollar was lower in early European trade on Thursday, giving up some of the previous session’s gains, while the Japanese yen fell into intervention territory. At 04:30 EDT (08:30 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down…
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Asia FX muted as dollar firms before PCE data; yen on intervention watch By Investing.com
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Investing.com — Most Asian currencies remained range-bound on Friday, with the dollar holding near two-month highs ahead of key inflation data likely to weigh on the Federal Reserve’s interest rate outlook. The dollar’s strength has pushed the Japanese yen further below levels traders initially expected would attract government intervention. Mixed…
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Battered yen mired near multi-decade low as intervention risks loom By Reuters
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By Ray Wee SINGAPORE (Reuters) – The yen approached its lowest level in 38 years on Thursday and struggled at 160 yen to the dollar, keeping markets on alert for any signs of Japanese authorities intervening to support the currency. In the broader market, the dollar trimmed some of its…
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Japanese yen weakens, USDJPY hits 38-year high despite intervention fears By Investing.com
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Investing.com — The Japanese yen fell further on Thursday, with the USD/JPY pair rising to its highest points in 38 years while surpassing previous levels that traders believed would attract Japanese government intervention. The yen pair, which measures the number of yen needed to buy one dollar, rose to 160.81…
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USDJPY Technical Analysis – The market is testing the intervention level again
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Basic overview The US dollar continues to get support from good economic data as we recently saw from the US PMIs last Friday and the US Consumer Confidence report yesterday. Such data keeps interest rate expectations stable around two cuts by the end of the year and supports risk sentiment…
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Asia FX weakens as dollar steadies; yen back near intervention range By Investing.com
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Investing.com — Most Asian currencies fell on Wednesday as anticipation for key U.S. inflation data left traders largely favoring the dollar, with the Japanese yen approaching levels that sparked the latest government intervention. The Australian dollar was an outlier during the day, rising sharply after a hotter-than-expected inflation reading sparked…
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Asia FX sees some relief as dollar cools; yen firms amid intervention talk By Investing.com
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Investing.com — Most Asian currencies rose slightly on Tuesday as the recent rally in the dollar slowed, with the Japanese yen gaining some strength amid speculation about government intervention and interest rate hikes by the Bank of Japan. But sentiment towards Asian markets remained fragile due to the possibility of…
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Dollar reined in by threat of Japanese intervention, yen fragile By Reuters
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Written by Amanda Cooper LONDON (Reuters) – The dollar fell below a key 160 yen level on Tuesday, as fears of interference by Japanese officials kept traders from severely punishing the yen against any other currencies. Elsewhere, analysts said bitcoin recovered some of its losses after its worst day in…
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Dollar slips; yen briefly jumps as intervention worries linger By Reuters
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By Samuel Indyk and Ankur Banerjee LONDON (Reuters) – The dollar fell slightly on Monday but remained close to the highest level in about eight weeks, while the yen jumped briefly as it approached the 160 level that had earlier sparked verbal warnings from Japanese authorities. The yen fell to…
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Asia FX weak amid dollar strength; yen on intervention watch By Investing.com
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Investing.com — Asian currencies were mostly fragile on Monday, with the dollar holding near two-month highs, while a weak Japanese yen sparked caution about potential intervention measures by Tokyo. Sentiment towards regional markets also declined due to fears of a trade war between China and the European Union, after Chinese…
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Japanese yen fragile, USDJPY nears 160 amid intervention talk By Investing.com
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Investing.com — The Japanese yen was fragile on Monday, with the USD/JPY pair approaching key intervention levels even as government officials repeated warnings that they would intervene to support the currency. The pair, which measures the number of yen needed to buy one dollar, rose slightly on Monday to 159.93…
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Nomura warn of yen intervention – also see risk of a BoJ rate hike at its next meeting
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Nomura with a review of last week’s BOJ decision, what to watch for the yen, and a preview of the BOJ’s upcoming meeting: The June meeting did not witness any hard-line surprises The Bank of Japan decided to reduce its purchases of Japanese government bonds after the monetary policy meeting…
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Indonesia central bank to continue intervention to stabilise rupiah By Reuters
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Written by Stefano Soliman JAKARTA (Reuters) – Indonesia’s central bank will continue to intervene in the foreign exchange market to stabilize the rupiah, the governor said on Wednesday, adding that the currency will strengthen next year. The rupee recovered some of its losses on Wednesday to reach $16,265 by 0603…
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Yen weakness persists despite Tokyo’s $62 billion intervention By Reuters
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By Tetsushi Kajimoto TOKYO (Reuters) – Japanese authorities spent 9.79 trillion yen ($62.23 billion) intervening in the foreign exchange market to support the yen over the past month, moves that prevented the currency from testing new lows but are unlikely to reverse long-term declines. Finance Ministry data released on Friday…
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Weekend – “Yellen counsels caution on currency intervention after surge in yen”
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US Treasury Secretary Yellen spoke over the weekend He added: “I will not comment on whether they intervened or not. I think this is just a rumour.” He said that the yen “moved slightly over a relatively short period of time.” “We expect that these interventions will be rare and…
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Japan’s May 1 intervention may have cost $23.6 billion, BOJ data shows By Reuters
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Written by Kevin Buckland TOKYO (Reuters) – Japanese officials may have spent about 3.66 trillion yen ($23.59 billion) on Wednesday in the latest attempt to pull the yen back from its lowest levels in nearly 34 years, Bank of Japan data showed on Thursday. The data showed that the Japanese…