Japan likely spent an additional 3 trillion yen ($19 billion) to shore up the yen in its second suspected currency market intervention this week, data by the Bank of Japan and market sources show.
Another suspected market intervention likely cost Japan ¥3 tril japantoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantoday.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Japan’s currency is yet again at the mercy of the US economy, with Tokyo’s efforts to buy time for the beleaguered yen vulnerable to shifts in the outlook for interest rate cuts by the Federal Reserve.Most Read from BloombergTexas Toll Road Takeover to Cost Taxpayers at Least $1.7 BillionS&P 500 Falls 1% as Oil Jump Spurs Flight to Bonds: Markets WrapApple Explores Home Robotics as Potential ‘Next Big Thing’ After Car FizzlesBiden Tells Netanyahu US Support Hinges on Protecting Ci
The Japanese Yen (JPY) ticks higher against its American counterpart during the Asian session on Thursday and looks to build on the previous day's modest bounce from the vicinity of a multi-decade low.
Stocks in Asia fall Wednesday after solid economic readings and higher commodities prices spurred speculation that major central banks will keep interest rates higher for longer.