Topics

Posted 8/22/2023, 7:05:00 AM

Ex-BOJ official predicts no yen intervention until breach of 150 threshold

Japan will only intervene in the currency market if the yen drops below 150 to the dollar and becomes a major political issue for Prime Minister Fumio Kishida, according to a former central bank official involved in Japan's past market interventions.

reuters.com

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Topics

Posted 8/22/2023, 7:05:00 AM

Ex-BOJ official predicts no yen intervention until breach of 150 threshold

reuters.com

Relevant topic timeline:

8/29/2023

Dollar soft as markets brace for data fest, yen under pressure

The dollar is hesitant as traders wait for economic data, while the yen struggles near levels that resulted in intervention last year.

8/29/2023

Yen's buying power sinks to 53-year low after decades of stagnation

The yen's weakness against major currencies is driving up import costs in Japan, leading to higher prices for necessities like energy and food.

9/1/2023

Japan finance minister offers no clues on intervention as yen weakens

9/5/2023

Bank of Israel says currency intervention will only be necessary 'if we see market failures'

9/6/2023

Japan Ramps Up Verbal Defense as Yen Sets Fresh 10-Month Low

The yen rebounded from a 10-month low against the dollar after Japan issued a strong warning about sharp currency moves, increasing the likelihood of government intervention if the slump continues.

9/6/2023

Tokyo Markets End Higher

Tokyo stocks rise as a cheaper yen supports the market, despite falls on Wall Street and concerns about another US Federal Reserve interest rate hike.

9/7/2023

Dollar shines as U.S. economy outperforms, yen plumbs 10-month low

9/11/2023

Yen Jumps, Bonds Slump as BOJ Governor Hints at Possible End to Negative Rates if Wages Keep Rising

9/11/2023

Yen Jumps vs Dollar on Expectations of BOJ Policy Shift Away from Negative Rates

The Japanese yen strengthens against the US dollar as Bank of Japan Governor Kazuo Ueda hints at a potential shift away from negative interest rates.

9/11/2023

BOJ Governor Comments Spark Big Moves in Yen and Bonds As Markets Bet on Policy Shift