Japan s yen strengthened
sharply on Monday in a move market participants said pointed to
yen-buying intervention from Japanese authorities to stabilise
the sliding currency. After.
(Reuters) -The yen jumped suddenly against the dollar on Monday, with traders citing yen-buying intervention by Japanese authorities to try to underpin a relentless tumble in the currency to levels last seen over three decades ago. The dollar fell sharply to 155.01 yen from as high as 160.245 earlier in the day. Trade sources said Japanese banks were seen selling dollars for yen.
Japan s currency surged
as much as 5 yen against the dollar from a fresh 34-year low hit
earlier on Monday, with traders citing yen-buying intervention
by Japanese authorities for the first time in 18. -April 29, 2024 at 02:55 pm EDT
- MarketScreener
The Bank of Japan kept its
short-term rates steady on Friday while removing a reference to
the amount of government bonds it has roughly committed to
buying each month. As widely. -April 25, 2024 at 11:55 pm EDT
- MarketScreener
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