The Zhitong Finance App learned that as the yen, which global foreign exchange traders are focusing on recently, is about to end this week's trading, the recent increase driven by joint foreign exchange market intervention by the US and Japanese governments has returned to nearly half. This has prompted foreign exchange market traders to speculate that at least the Japanese authorities may once again intervene. During the Asian session on Friday, the yen traded around 158.45 against the US dollar, clearly far from the strong level of 155.23 hit on Monday. Last week, before Japan and the US implemented their first joint purchase of yen since 1998, the yen was once close to 164 against the US dollar, near a low of nearly 40 years.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that as the yen, which global foreign exchange traders are focusing on recently, is about to end this week's trading, the recent increase driven by joint foreign exchange market intervention by the US and Japanese governments has returned to nearly half. This has prompted foreign exchange market traders to speculate that at least the Japanese authorities may once again intervene. During the Asian session on Friday, the yen traded around 158.45 against the US dollar, clearly far from the strong level of 155.23 hit on Monday. Last week, before Japan and the US implemented their first joint purchase of yen since 1998, the yen was once close to 164 against the US dollar, near a low of nearly 40 years.
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