Analysis: Japan’s policymakers hold fire as yen enters intervention range – Reuters News Agency
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Business & FinanceEconomy
15 August 2023, 3:15 pm 1 minute
Reuters reported as the yen slid past 145 per dollar with barely a murmur from Japanese policymakers during recent days, suspicion grew that they won’t be as quick to order intervention as they were last year as they now reap some benefits from a weaker currency.
Market Impact
Should the lynchpin 10-year U.S. Treasury yield stabilise not far above 4%, and Japanese yields rise towards the BOJ’s new 1% cap, Japanese authorities may be inclined to let market forces perform a gradual recovery in the yen as the yield gap closes.
Article Tags
Topics of Interest: Business & FinanceEconomy
Type: Reuters Best
Sectors: Business & FinanceEconomy & Policy
Regions: Asia
Countries: Japan
Win Types: Impact (Long Term)
Story Types: Special Report / Insight
Media Types: Text
Customer Impact: Significant National Story
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