Japan is poised for currency intervention as the yen approaches a critical low, potentially reaching or surpassing 155 against the dollar. This situation has been influenced by recent meetings between Japanese Finance Minister Shunichi Suzuki and his U.S. and South Korean counterparts, which have set the stage for intervention against excessive movements in the yen's value. The yen's weakness, reaching a 34-year low, has prompted discussions among global financial officials, with former Japanese currency official Mitsuhiro Furusawa and others suggesting imminent action. Additionally, the Bank of Japan's upcoming meeting is crucial, as decisions made there could trigger intervention, especially if the yen falls through the 155 mark. The USD/JPY recently rose above 155, a level not seen since 1990, heightening intervention expectations. Bank of America has indicated that a drop in the yen past 155 post-BOJ meeting could be a trigger for this action. Moreover, foreign central banks are increasingly using a Federal Reserve facility to prepare for potential interventions.
I suspect that #Yen weakness — all the way to 155 per US dollar — is not what the Japanese authorities anticipated or are comfortable with given that they have exited YCC and embarked on interest rate normalization. Having said that, it is far from obvious how they should… https://t.co/8hasbqN6va
⚠️ ANALYSIS-THE YEN HAS A YIELD PROBLEM THE BOJ CAN'T EASILY FIX Full Story → https://t.co/tYvxHG1YOf As the yen plumbs three-decade lows and pressure grows on Japan to intervene or make monetary policy changes, traders figure there is not much Tokyo can do to reverse the…
The US dollar has made another high against the Japanese #Yen. The Yen is down a whopping 10% against the greenback just this year. Despite several warnings from Japan's Minister of Finance & Co., the Bank of Japan has not been instructed to intervene. So why is this? - Japan's… https://t.co/CQ6xch4KGB
Dollar at 34-yr. highs in upper 155 yen as intervention line tested https://t.co/70ahAmkECX
The yen's slide to fresh 34-year lows is likely to force Bank of Japan Governor Kazuo Ueda to walk a delicate line in guiding monetary policy this week as he tries to maintain a calibrated path to exiting ultra-easy rates without upending the currency https://t.co/kqOYgUcW2n
BOJ to Tolerate Weak Yen as Strong Dollar Stalks Currency Markets https://t.co/mjypkLiiQi
The Yen briefly topped 155.50. Expected volatility over the next 24 hours is now at the highest level of the year. https://t.co/x0jHLykF1R
BOJ to Tolerate Weak Yen as Strong Dollar Stalks Currency Markets Shoki Omori of Mizuho Securities in Tokyo says BOJ to make no policy changes at tomorrow's meeting even as yen hits 3-decade low vs US dollar. Sees #Ueda leaving door open to rate hike at June, July meeting if…
Markets Wary of Intervention as Yen Struggles at 155 Level https://t.co/71WWPy8VnZ
JAPAN CHIEF CABINET SECRETARY HAYASHI: EXPECT BOJ TO CONDUCT APPROPRIATE MONETARY POLICY TO SUSTAINABLY, STABLY HIT ITS PRICE TARGET, WORKING CLOSELY WITH GOVT
JAPAN'S CHIEF CABINET SECRETARY HAYASHI EXPECTS BOJ TO CONDUCT APPROPRIATE MONETARY POLICY TO HIT PRICE TARGET SUSTAINABLY AND STABLY, WORKING CLOSELY WITH GOVERNMENT
JAPAN CHIEF CABINET SECRETARY HAYASHI DECLINES TO COMMENT ON FOREX LEVELS OR FOREX INTERVENTION
The yen weakened beyond ¥155 per dollar for the first time in more than three decades, heightening the possibility Japan will step into the market. https://t.co/9M4yKPvr5K
YEN EXTENDS DECLINES TO 155.40, FRESH 34-YEAR LOW VERSUS DOLLAR
JAPAN'S FINANCE MINISTER SUZUKI DECLINES TO COMMENT ON FOREX LEVELS
Live news: Yen weakens to ¥155 per dollar as US stocks edge higher https://t.co/Jedmg7Xqmr
Japan’s yen crossed ¥155 per dollar for the first time since 1990 on Wednesday as US stocks edged slightly higher in a choppy trading session. - FT
Bank of Japan could intervene to boost the yen as currency hits 34-year low https://t.co/NDlYQ7qhoG
US Dollar has broken out against the Japanese Yen 👀 Japan Government will intervene and sell US Treasuries. If this happens the precident could cause other countries to follow and the Fed will most likely start selling equities off their balance sheet. Watching this closely -… https://t.co/qELPdYo5UH
USD/JPY Rises Above 155 to Highest Since 1990
The Japanese yen has blown out above the critical 155 level. The canary in the coal mine for the global financial system is sending a big warning. https://t.co/EjGPwlwI60
USD/JPY FALLS BACK BELOW 155 IN VOLATILE TRADE
Dollar recovers from PMI slump, yen closes in on 155 per dollar - Reuters https://t.co/cHAHr6kOxa
A fall in the yen through 155 against the dollar after the Bank of Japan’s meeting this week is looking possible and may trigger intervention, Bank of America says https://t.co/PLK3YwDWp3
Japan is on the brink of currency intervention if the yen weakens any further, according to Mitsuhiro Furusawa, a former top currency official. https://t.co/rQxbvDru4f
Dollar shaky after euro rebound; yen mired at 34-year low https://t.co/KkKVpBdIyF https://t.co/0g9dOErOMZ
Finance Minister Shunichi Suzuki has said that last week's meeting with his U.S. and South Korean counterparts laid the groundwork for Tokyo to act against excessive yen moves, issuing the strongest warning to date on the chance of intervention. https://t.co/OmGAlf12Lq
Japan is inching closer to fx intervention, per a former top currency official from the nation South Korea, Turkey is hinting at the same Foreign cenbank 's are increasingly using a Fed facility to stash the cash they'll need to carry this out https://t.co/aIHnzW132c
Japan is on the brink of currency intervention if the yen weakens any further, according to one of the country’s former top currency officials https://t.co/jwnA9UoLpY