Mmastodon BusinessEconomy first seen 7 h ago, last 7 h ago, peak #3
Japan Pauses Forex Intervention as Yen Strengthens
Original: Japan Pauses Forex Intervention as Yen Strengthens https://www.wsj.com/finance/currencies/japan-pauses-forex-interventio
Japanese authorities are holding off on currency market intervention as the yen firms against the dollar. Officials had repeatedly stepped in to support the currency during its long slide, and the latest pause signals they see less urgency now that the exchange rate has moved in their favor. Markets are watching closely for any sign Tokyo will resume action if the yen weakens again.
Why now: Currency intervention has been a major market theme, so a pause as the yen strengthens moves exchange rates and investor sentiment.
JapanJapanese Ministry of Financeyen
Evidence
- Japan Pauses Forex Intervention as Yen Strengthens https://www.wsj.com/finance/currencies/japan-pauses-forex-intervention-as-yen-strengthens-42352cc4?mod=rss_markets_main # Finance # Economy # Currency · wsj_markets@robot.villas · 2
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