Yen Surges Amid Speculation of Japanese Market Intervention
The Japanese yen experienced a significant surge against the dollar, leading to widespread speculation that Japan's authorities intervened in the market. This suspected intervention occurred ahead of a Bank of Japan meeting.
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Yen Surges After Japan Intervened in Market Again Ahead of BOJ
The yen soared by the most in more than two years against the dollar after authorities stepped in once again to try and prop up the nation’s sagging currency ahead of the Bank of Japan’s policy decision.
By John Cheng, Mia Glass and Carter Johnson
Read full article →Japan’s yen jumps 3% as speculation over intervention swirls
Currency on track for one of its biggest moves in recent years amid growing calls for action to arrest slide
Read full article →Instant View: Yen jumps against the dollar, traders alert to Japan intervention
Read full article →Japanic: Yen Suddenly Spikes Stoking Intervention Speculation
Japanic: Yen Suddenly Spikes Stoking Intervention Speculation Having collapsed to its weakest relative to the dollar in 40 years, it appears the Ministry of Finance and Bank of Japan has had enough and intervened. Having tagged 164/USD, the Japanese currency suddenly exploded stronger (below 160/USD, which was the prior level of intervention)... The scale of the move is commensurate with the last large intervention in April. Obviously, there is no confirmation, yet, but the t...
By Tyler Durden
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