Japan’s suspected FX intervention fails to stem yen slide

Japan’s suspected FX intervention fails to stem yen slide

Yen volatile as Tokyo suspected of intervention for 2nd day FX officials remains tight lipped on intervention Policymakers keep up warning vs excess FX volatility BOJ Kuroda repeats need to keep ultra-low rates TOKYO, Oct 24 (Reuters) – Japanese policymakers on Monday continued efforts to tame sharp yen falls, including through two straight market days … Read more

Japan intervened, buying yen in foreign exchange market Friday

Japan intervened, buying yen in foreign exchange market Friday

TOKYO, Oct 22 (Reuters) – Japan intervened in the foreign exchange market on Friday to buy yen for the second time in a month after the currency hit a 32-year low near 152 to the dollar, a government official and another person familiar with the matter told Reuters. Japan has been attempting to shore up … Read more

Dollar sinks vs yen, BOJ intervention suspected ahead of weekend

Dollar sinks vs yen, BOJ intervention suspected ahead of weekend

NEW YORK, Oct 21 (Reuters) – The U.S. dollar tumbled against the yen on Friday, logging its biggest daily drop against the Japanese currency in more than two months as traders and strategists said Japanese authorities may be in the market to stem a slide in their battered currency. The yen rose as high as … Read more

Dollar sinks vs yen, BOJ intervention suspected ahead of weekend

Dollar sinks vs yen, BOJ intervention suspected ahead of weekend

NEW YORK, Oct 21 (Reuters) – The U.S. dollar tumbled against the yen on Friday, logging its biggest daily drop against the Japanese currency in more than two months as traders and strategists said Japanese authorities may be in the market to stem a slide in their battered currency. The yen rose as high as … Read more

Japan ramps up intervention threats after yen slides past key 150 level

Japan ramps up intervention threats after yen slides past key 150 level

Finance minister says ready to take ‘decisive’ action Suzuki warns excessive yen volatility won’t be tolerated BOJ conducts unscheduled bond buying to defend yield cap Contradictory move highlights Japan’s policy dilemma TOKYO, Oct 20 (Reuters) – Japanese policymakers made fresh threats of intervention on Thursday after the yen tumbled past the key psychological level of … Read more

Japan’s foreign reserves drop by record on market shakeout, FX intervention

Japan’s foreign reserves drop by record on market shakeout, FX intervention

Japan foreign reserves down for two straight months Japan’s $1.238 trillion reserves second largest after China Drop in reserves comes after last month’s FX intervention Authorities mum on speculation about selling U.S. Treasuries Never felt limit to “ammunitions” for FX intervention – Kanda TOKYO, Oct 7 (Reuters) – Japan’s foreign reserves fell by a record … Read more

Japan spent record of nearly $20.0 bln on intervention to support the yen

Japan ramps up intervention threats after yen slides past key 150 level

Intervention drains nearly 15% of readily available funds Japan can avoid selling U.S. Treasury bills for now – analysts Impact of further intervention may diminish – analysts TOKYO, Sept 30 (Reuters) – Japan spent up to a record 2.8 trillion yen ($19.7 billion) intervening in the foreign exchange market last week to prop up the … Read more

Japan intervenes to stop yen slide, after BOJ holds rates super low

Japan intervenes to stop yen slide, after BOJ holds rates super low

BOJ keeps ultra-low rates, dovish policy guidance Japan’s FX diplomat said took ‘decisive’ action Confirmation of intervention sends dollar sliding over 2% Analysts doubt whether Tokyo can keep propping up yen Bank of Canada says did not help BOJ TOKYO, Sept 22 (Reuters) – Japan intervened in the foreign exchange market on Thursday to buy … Read more

Swiss National Bank raises rates in shock move, ready for more

Swiss National Bank raises rates in shock move, ready for more

The building of the Swiss National Bank (SNB) is pictured in Bern, Switzerland June 16, 2022. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register SNB hikes rates for first time since 2007 Chairman says franc is no longer highly valued Safe-haven franc surges after decision Economists surprised by move, expect more hikes … Read more