Asia
Japan· TokyoJapan-US Coordinated Intervention in Yen Market
Japan and the U.S. have conducted a coordinated yen-buying intervention in the currency market, the first such move in 15 years, to counter the yen's depreciation against the U.S. dollar.
Quorum · collective opinions
Japan-US Coordinated Intervention in Yen Market to Stabilize Currency
First report 1d agoLast update 11h agoThe coordinated intervention by Japan and the U.S. has led to a sharp rise in the Japanese yen, with warnings of further intervention if needed.
The decline of the Japanese yen to unprecedented levels, exacerbated by regional conflicts, has prompted intervention from major economies to support the currency.
Speculators have increased their bearish bets on the Japanese yen, nearing the largest short position since the global financial crisis, despite intervention efforts.
Japan's Ministry of Finance has stated it will not hesitate to carry out more forex intervention with the U.S. and is considering using Fed bond buybacks.
iWitness comments
No comments yet — be the first to weigh in.