Yen trims gains against dollar after Japan's intervention in markets - Reuters
Yen trims gains against dollar after Japan's intervention in markets Reuters
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Notable Quotes
"Speculative positions remain in markets, putting traders on notice of possible further strikes to bolster the yen during the holiday period."
— Atsushi Mimura , Executive
"Markets suspected Friday's move was further intervention and Mimura's remarks were 'clever messaging (as) otherwise markets would simply fade (Thursday's) move.'"
— Jordan Rochester , Executive
Key People
Currency diplomat in Japan.
Former president of the United States known for his aggressive economic policies.
Jordan Rochester is head of EMEA fixed income, currency, and commodity strategy at Mizuho.
Japanese finance minister who has been in close dialogue with U.S. authorities.
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<a href="https://news.google.com/rss/articles/CBMiuwFBVV95cUxQT3pJNDlkUkVobm5fbURWalNlQVNoX3paeTR2WlJUd2M4MEpVbjBLVEdOcUg2bDdvZ1dnakZ4R0pxaFFqQU5sTmZ3SXdWamhJU3lHbXVtdFlyTUZlRUxBNDM0SWU5VUdrTUFlY1dkMkJVRHpEOE9KbG5hX19UU2NnWWJSMW52R3hORmtSUlNZU0JsS2xNWHJoRXF1MHpNNXJuOXNFYVRiZVFleGlUbE1PdlJ2VzRDVkVpTXpV?oc=5" target="_blank">Yen trims gains against dollar after Japan's intervention in markets</a> <font color="#6f6f6f">Reuters</font>
The yen saw a slight dip against the dollar but remained on track for its largest weekly gain in over two months following Japanese intervention. Investors are watching closely for more action. Oil prices remain high due to threats against US positions.
The yen saw a slight dip against the dollar but remained on track for its largest weekly gain in over two months following Japanese intervention, with investors on high alert for further action.
The yen eased slightly against the dollar but remained poised for its steepest weekly gain in over two months after Japanese authorities intervened to support the currency from near two-year lows.
The yen surged more than 2%, marking its biggest gain in three years, after Japan intervened in the foreign-exchange market following a 'final' warning to investors against selling the currency.
The yen eased slightly to around ¥157.0 per dollar on May 1, though still on track for its sharpest weekly gain in over two months following Japanese FX intervention. Markets remain cautious ahead of Japan’s holiday-thinned trading and potential further Ministry of Finance steps.
The yen eased slightly against the dollar but remained poised for its steepest weekly gain in over two months after Japanese authorities intervened to support the currency from near two-year lows.
The U.S. dollar fell sharply against the yen after Japanese authorities were reported to have intervened in foreign exchange markets to support their currency, while oil prices retreated from four-year highs as investors assessed risks from the Middle East conflict.
The U.S. dollar fell sharply against the yen after Japanese authorities were reported to have intervened in foreign exchange markets to support their currency, while oil prices retreated from four-year highs as investors assessed risks from the Middle East conflict.
The yen eased slightly against the dollar but remained poised for its steepest weekly gain in over two months after Japanese authorities intervened to support the currency from near two-year lows.
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