Yen soars, markets suspect Japan intervention
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The dollar weakened against the yen as authorities signaled that an intervention to support the Japanese currency could be imminent.
By Saqib Iqbal Ahmed NEW YORK, July 31 (Reuters) - The dollar fell against the Japanese yen on Friday, with traders braced for a second round of intervention after Japanese authorities stepped in to prop up their currency a day earlier.
A therapeutic intervention is an effort to help someone in need who declines treatment or is otherwise unable to help themselves. In some cases, an intervention takes the form of a meeting between the person engaged in self-destructive behavior and ...
The Japanese yen came under renewed pressure on Friday as markets tested Tokyo’s resolve in the wake of a coordinated intervention to prop up the fragile currency ahead of an eagerly anticipated policy decision from the Bank of Japan.
By Ankur Banerjee, Yena Park and Samuel Indyk SEOUL/SINGAPORE/LONDON, July 31 (Reuters) - Japan and South Korea both stepped in to buy their currencies on Thursday, sources and analysts said, while signs of U.
The yen slipped back into the 160 range against the dollar in Tokyo on Friday as an overnight rally to the 157 level, apparently triggered by Japanese currency intervention, prompted importers and other corporate customers to buy dollars,
This is now serious business for the #BOJ. It appears they've launched a second round of intervention, driving #USDJPY down another 100 pips after the initial 400-pip plunge. And they're doing it at 2:40 a.