US and Japan Conduct Joint Intervention to Strengthen Yen
Japan and the United States conducted a historic joint intervention in the foreign exchange market to strengthen the Japanese yen, marking the first such coordinated effort in 15 years. The move aims to prevent further yen depreciation and mitigate potential risks to global financial markets.
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Yen Rises Amid Speculation of More Intervention After US Support
The yen rallied sharply on Monday amid speculation that authorities may have intervened to prop up the currency again after coordinated action between the US and Japan last week. Sonja Marten, Chief Economist at DZ Bank, discusses the global market reaction to the US and Japan taking action on the yen. (Source: Bloomberg)
Read full article →FirstFT: Japan confirms historic joint yen intervention with US
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Read full article →The US has stepped in to buy Japanese yen. Why? | CNN Business - CNN
The US has stepped in to buy Japanese yen. Why? | CNN Business CNN
Read full article →What the market is saying about the U.S. intervention to prop up the yen
Following the joint involvement the yen now sits at ¥157 to the dollar, down from just above ¥163, which represented its lowest level in four decades.
Read full article →The US has helped pull Japan’s yen out of a 40-year low. Why?
Only days ago, the Japanese yen’s descent showed no signs of stopping, having already dropped to a 40-year low. But by Monday morning – after a rare intervention on the currency’s behalf by Tokyo and Washington – it surged as high as 155.23 per US dollar, its strongest level since early May, according to Chinese financial data provider Wind. The joint action took on an extra layer of intrigue after a Reuters photograph revealed that a “to-do” list from US Treasury Secretary Scott Bessent duri...
By Sylvia Ma
Read full article →Much 'to do' about yen intervention
Read full article →After US-Japan intervention, how a stronger yen might affect Indian markets
By Akash Mandal
Read full article →US shakes up currency markets with unusual yen-buying via selling euros
Read full article →Why the U.S. intervention on the Japanese yen could ripple into Argentina
The move came after the Japanese currency hit its lowest point in 40 years. Experts don't rule out further action La entrada Why the U.S. intervention on the Japanese yen could ripple into Argentina se publicó primero en Buenos Aires Herald.
By Juan Marcos Pollio
Read full article →Why the US-Japan Joint Intervention to Prop Up the Yen? Fear of Treasury Yields Blowing Out if Japan Becomes a Forced Seller
The prior interventions failed to permanently turn around the downward spiral of the yen. What’s needed: much tighter monetary policies by the BOJ.
By Wolf Richter
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