Yen rallies to build on gains spurred by recent intervention
Japan's currency rose as much as 1.8% to ¥155.04 per dollar in Asia trading, its strongest level since Feb. 24, before paring the move to trade around ¥156.37.
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Japan's currency rose as much as 1.8% to ¥155.04 per dollar in Asia trading, its strongest level since Feb. 24, before paring the move to trade around ¥156.37.
TOKYO — The Japanese capital is seeing a bull market in deja vu as policymakers man the battle stations against speculators dumping the yen. With the Japanese currency on the verge...
The yen rose sharply Friday afternoon against the U.S. dollar briefly reaching the mid-155 level from the lower 157 range, amid a cautious mood following an overnight surge…
Japan holds an enormous $1.17 trillion in foreign exchange reserves. However, deploying those reserves for currency market intervention could create significant unintended conseque...
Standard Chartered says suspected Japanese FX intervention totalling around $65 billion has shifted the yen from slightly undervalued to slightly overvalued, with authorities appea...
The whipsaw trading came after Japan likely spent around ¥5.4 trillion ($34.5 billion) last week to support the yen.
Japan has most likely sold US Treasuries to intervene in the currency market and push USD/JPY lower. If such interventions become more frequent, they could drive US Treasury yields...
Japan likely spent an additional 4 trillion yen ($25.6 billion) to shore up the yen in another suspected market intervention following a yen-buying operation on April 30, a…
Japan likely spent up to $35bn intervening to support the yen, but Barclays warns depreciation pressure will persist over the medium term as Iran war energy costs weigh. Summary:Th...
When GDP stagnates and shows little sign of growth, households tend to increase savings, weighing on investment. Weak investment, in turn, slows economic growth. Sanae Takaichi is...
ICYMI (Monday): Japan signals FX intervention readiness, vowing to shield US bond marketICYMI - Iran launches Bitcoin-backed ship insurance scheme for Strait of Hormuz transitJapan...
As long as oil prices continue to rise and the Bank of Japan refrains from raising interest rates, carry traders are likely to continue selling the yen. Against this backdrop, Japa...
Japan had no need to intervene in currency markets to force USD/JPY bulls to retreat. Verbal interventions were enough. The government bought itself some time and is now reaping th...
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