Japan's top currency diplomat escalates warning against rapid yen falls
TOKYO - Japan's top currency diplomat Masato Kanda said that authorities are"seriously concerned and on high alert" about the yen's rapid decline, escalating warnings as the Japanese currency languished at its weakest level in almost forty years.
Japan's currency touched 160.50 per dollar, the weakest since December 1986, creating market jitters over the possibility of another intervention to support the yen. Japan spent 9.8 trillion yen intervening in the foreign exchange market in April and May, after the Japanese currency hit a 34-year low of 160.245 per dollar on April 29.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of Japan set to reduce JGB purchases, stands pat on interest rateThe BOJ said it will collect views from market participants on the reduction of Japanese government bond buying and present a detailed plan in the next meeting.
Read more »
Bank of Japan set to reduce JGB purchases, stands pat on interest rateThe BOJ said it will collect views from market participants on the reduction of Japanese government bond buying and present a detailed plan in the next meeting.
Read more »
Bank of Japan to trim bond buying, keeps rates steadyBank of Japan to trim bond buying, keeps rates steady
Read more »
From vibrant cosplay to savoring noodles, this Japanese festival is bringing Japan to HoustonExplore Japan without leaving the city at the second annual Tokyo X Japanese Festival.
Read more »
Asia-Pacific markets poised for slightly lower open ahead of Bank of Japan rate decisionWhile the Bank of Japan is expected to keep its benchmark interest rates unchanged, the bank is reportedly considering reducing its JGB holdings.
Read more »
Asia-Pacific markets range bound ahead of Bank of Japan rate decisionWhile the Bank of Japan is expected to keep its benchmark interest rates unchanged, the bank is reportedly considering reducing its JGB holdings.
Read more »