The Japanese yen fell past 158 per dollar on Tuesday, marking its lowest point in more than five months and prompting fresh verbal intervention from a top Japanese official.
Finance Minister Katsunobu Kato reiterated his warning against speculative and unilateral currency moves, signaling the government's readiness to take action if excessive volatility persists. The comments came as the yen weakened toward the 160 per dollar level, which had previously prompted intervention six months ago.
The yen has come under pressure recently amid growing uncertainty over the timing of an interest rate hike by the Bank of Japan. BOJ Governor Kazuo Ueda stressed that any policy adjustments would depend on economic, price and financial conditions, highlighting the importance of sustained wage growth. The central bank also stressed the need for caution given domestic and global uncertainties. (AL)
Source: Trading Economics
The Japanese yen weakened to near 158.5 per dollar on Thursday, amid market concerns over the worsening fiscal outlook. The Bank of Japan (BOJ) began a two-day policy meeting, and traders remained war...
The USD/JPY pair weakened in Asian trading on Monday, hovering around 156.20 and briefly approaching 156.00. This weakening occurred after the Japanese Yen (JPY) strengthened, following signals from t...
The Japanese yen is the worst-performing major currency against the US dollar throughout 2025, despite the Bank of Japan (BOJ) raising interest rates. Even with further tightening measures, the yen co...
The Japanese yen weakened slightly during the Asian session on Wednesday, as investors remained cautious while awaiting the Bank of Japan (BoJ) policy update. Market focus now turns to the two-day BoJ...
The USD/JPY pair weakened to around 155.10 at the start of the Asian session on Tuesday. The yen strengthened slowly as markets became increasingly confident that the Bank of Japan (BoJ) would raise i...
Oil prices stabilized on Thursday (February 12th), as the market reassigned a risk premium to US-Iran tensions despite US inventory data showing swelling domestic supplies. This movement confirms one thing: geopolitical headlines are still more...
Gold prices weakened slightly on Thursday (February 12th), as more solid US employment data reduced market confidence in an imminent Federal Reserve interest rate cut. The strong employment data prompted market participants to shift expectations of...
The Hang Seng Index reversed its downward trend in Hong Kong on Thursday (February 12th), weakening by around 0.9% to around 27,000 after a strong session earlier. This decline halted the momentum of the short term rally, as investors began to...