A former official of the Bank of Japan (BoJ) has warned that the bank may need to intervene if the yen weakens further than $152/USD. This comes amid speculations of an emergency intervention to support the Japanese currency. Despite Japan's first interest rate hike in 17 years, the yen has failed to strengthen as expected, with strategists identifying four key reasons for its continued weakness. BoJ Governor Ueda has indicated the possibility of further rate hikes if the yen's depreciation impacts prices significantly.
BOJ's Ueda signals chance of rate hike if yen moves affect prices, Asahi reports https://t.co/KgFogXAMDz https://t.co/VmbOcubvF7
BoJ's Ueda Says Weaker Yen Could Prompt Rate Hikes - Asahi
π―π΅ BoJ GOVERNOR UEDA ON THE WIRES: https://t.co/vJzUviYj9s
π―π΅ #Japan | Why Even a Historic #BOJ Rate Hike Has Failed to Save the #Yen β Bloomberg https://t.co/z9IZwN9gx2 https://t.co/596wylFjw7
Japanβs first interest rate hike in 17 years has failed to deliver the boost to the yen that policymakers had hoped for, with strategists pointing to four key reasons for the currency to remain weak for now. https://t.co/eX5ut3Gb4o
Emergency Jawboning intervention coming now? It looks like they are having some struggles to hold the line here on $JPY π https://t.co/qkSTTp3h8j https://t.co/FP4fCWkz1B
Bank of Japan (BoJ) ex-official warns bank may have to intervene if currency gets weaker than $152/USD