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Is Japan's Currency Intervention Effective?
By Masaki Kondo
June 28, 2024 at 10:07 AM GMT+8
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The yen weakened through 161 per US dollar for the first time since 1986 amid broad strength in the greenback, raising the specter of Japan intervening in the market.
The Asian nation’s currency depreciated as much as 0.3% to 161.27 per dollar in Tokyo trading. The greenback extended a rally against major currencies amid a US presidential debate between candidate Donald Trump and incumbent Joe Biden.
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Markets
Yen Falls Through 161 Per US Dollar as Intervention Wagers Increase
Play Video
Unmute
Is Japan's Currency Intervention Effective?
By Masaki Kondo
June 28, 2024 at 10:07 AM GMT+8
Save
The yen weakened through 161 per US dollar for the first time since 1986 amid broad strength in the greenback, raising the specter of Japan intervening in the market.
The Asian nation’s currency depreciated as much as 0.3% to 161.27 per dollar in Tokyo trading. The greenback extended a rally against major currencies amid a US presidential debate between candidate Donald Trump and incumbent Joe Biden.
Have a confidential tip for our reporters?
