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Yen Intervention

All articles tagged with #yen intervention

Asia Mixed as U.S. Rally Hits Record; Korea Extends Fresh Highs
markets29 days ago

Asia Mixed as U.S. Rally Hits Record; Korea Extends Fresh Highs

Wall Street’s S&P 500 closed at a fresh high even as Asia-Pacific markets were split: South Korea extended fresh peaks in the Kospi and Kosdaq, while Japan fell and Hong Kong and mainland China rose. Indonesia’s Jakarta Composite slumped more than 7% after MSCI flagged a possible downgrade to frontier status. The yen strengthened toward a three-month high, spot gold touched a record, and traders awaited the Fed decision with U.S. futures mixed.

JPMorgan Predicts Japan's Yen Intervention Threshold: 150 Yen per Dollar
finance2 years ago

JPMorgan Predicts Japan's Yen Intervention Threshold: 150 Yen per Dollar

JPMorgan analysts predict that Japan's threshold for intervening in the currency market to weaken the yen will likely be around 150 yen per dollar. They believe that the Ministry of Finance (MoF) will not intervene at the current level of 145 yen per dollar, and their threshold for intervention is slightly higher. The analysts also note that the Japanese economy has been improving, reducing the need for intervention compared to previous cases.