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Japanese Yen market in focus as traders anticipate intervention from BoJ
Japan’s hints that it will take full action to support the yen will be broadly welcomed by global investors. The yen fell to its weakest level against the dollar in approximately 34 years on Tuesday. The JPY is now very much on “intervention watch” having clipped 152 against the USD. The currency’s slip to 151.97 per dollar in Tokyo, surpassing the critical threshold of 151.95 that triggered direct currency intervention in October 2022, has raised concerns among investors worldwide. Finance Minister Shunichi Suzuki has dropped signals of possible action to support it. USDJPY was reversing heavily yesterday ... (full story)
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- Mar 28, 2024 5:44pm Mar 28, 2024 5:44pm
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DojiSan - | Joined Apr 2006 | Status: Member | 102 Comments
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- Mar 28, 2024 10:26pm Mar 28, 2024 10:26pm
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axecap - Joined Aug 2017 | Status: Member | 163 Comments
its all just one persons opinion....
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- Posted: Mar 28, 2024 11:04am
- Submitted by:Category: Fundamental AnalysisComments: 2 / Views: 3,701
