"Japanese Yen Rebounds After Hitting 34-Year Low, Prompting Strong Intervention Warnings"
TL;DR Summary
The Japanese Yen fell to its lowest level against the US Dollar since 1990, prompting Japan to issue its strongest warning yet and consider currency intervention, as the yen slid to 151.97 per dollar in Tokyo, nearing the 151.95 level that triggered intervention in October 2022. Finance Minister Shunichi Suzuki hinted at possible action, causing traders to back away.
- JPY/USD: Japanese Yen Falls to Lowest Against US Dollar Since 1990 Bloomberg
- Asia stocks mixed as investors assess China, Australia economic data; yen falls to 34-year low CNBC
- Japan makes strongest intervention warning as yen hits 34-year low Reuters
- Japanese Yen bounces off multi-decade low after verbal intervention from Japanese officials FXStreet
- Japan steps up intervention warnings as yen slides to weakest level since 1990 Financial Times
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