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Japan’s FX Chief Says Past Yen Intervention Has Shown Impact

Currency & FXGeopolitics & War

Japan’s two-month-ago FX intervention to support the yen is viewed as successful, with some US authorities reportedly voicing support. However, the yen is still hovering near a four-decade low, implying ongoing pressure and keeping FX volatility elevated.

Analysis

Japan’s two-month-ago FX intervention to support the yen is viewed as successful, with some US authorities reportedly voicing support. However, the yen is still hovering near a four-decade low, implying ongoing pressure and keeping FX volatility elevated.

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