The yen ended a month-long decline with a maximum increase of 1.1%, hitting 157.01. Investors focused on various factors that could boost the currency. Traders are beginning to question the mainstream view that the Bank of Japan's interest rate hike is too slow to support the yen; news about Japan's largest pension has also sparked speculation that capital flows are expected to improve. Investors speculate that Japan may once again intervene in the foreign exchange market, especially during the Silver Week holiday; the market is also closely watching the Federal Reserve's interest rate meeting and the Bank of Japan's September 18 policy decision.
Zhitongcaijing · 1d ago
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The yen ended a month-long decline with a maximum increase of 1.1%, hitting 157.01. Investors focused on various factors that could boost the currency. Traders are beginning to question the mainstream view that the Bank of Japan's interest rate hike is too slow to support the yen; news about Japan's largest pension has also sparked speculation that capital flows are expected to improve. Investors speculate that Japan may once again intervene in the foreign exchange market, especially during the Silver Week holiday; the market is also closely watching the Federal Reserve's interest rate meeting and the Bank of Japan's September 18 policy decision.
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