Japanese officials are closely monitoring the yen's rapid decline against the dollar, with the yen hitting a 38-year low. The market speculates on potential intervention as the yen weakens. Analysts suggest 165 yen as a critical level for Japan in the forex market.
Japanese authorities are allowing USD/JPY to trade above the April FX intervention levels, and previous comments from the top currency official hint the new line in the sand may be close to 165. Here's our take... https://t.co/Dg8yNHI1hR
โ ๏ธ BOJ DEPUTY GOV UCHIDA SAID WEAK YEN IS UPWARD FACTOR FOR PRICES, CLOSELY MONITORING IN CONDUCTING MONETARY POLICY - CABINET OFFICE OFFICIAL
BOJ's Uchida says closely monitoring yen movement in conducting monetary policy https://t.co/ANK6CBfnog
BOJ'S DEPUTY GOVERNOR UCHIDA: THE WEAK YEN IS AN UPWARD FACTOR FOR PRICES, CLOSELY MONITORING IN CONDUCTING MONETARY POLICY - CABINET OFFICE OFFICIAL.
BOJ DEPUTY GOV UCHIDA SAID WEAK YEN IS UPWARD FACTOR FOR PRICES, CLOSELY MONITORING IN CONDUCTING MONETARY POLICY - CABINET OFFICE OFFICIAL
The yen has hit a 38-year low on sagging confidence in the Bank of Japanโs commitment to tightening, with the market being little impressed by vague assurances about a government intervention. https://t.co/TJia0W5Hoi
#Dollar index has been rising to above 106, while other currencies have fallen significantly. For example, the Japanese yen weakened to a near 38-year low late Wednesday, hitting 160.82 against the U.S. dollar. #forex #forexsignals #trading #TradingInsights https://t.co/it40BKMmuO
โ ๏ธ JAPAN GOVT SAYS ECONOMY IN MODERATE RECOVERY ALTHOUGH IT APPEARS TO BE PAUSING RECENTLY, MAINTAINING SAME VIEW FOR 5 MONTHS - MONTHLY REPORT **JAPAN GOVT WARNS ON RISKS OF ELEVATED INTEREST RATES IN THE WEST AFFECTING WEAK YEN - MONTHLY REPORT
JAPAN GOVT WARNS ON RISKS OF ELEVATED INTEREST RATES IN THE WEST AFFECTING WEAK YEN - MONTHLY REPORT
JAPAN'S GOVERNMENT WARNS ON RISKS OF ELEVATED INTEREST RATES IN THE WEST AFFECTING THE WEAK YEN - MONTHLY REPORT.
On 'yen-tervention'...worth noting that the 4 most recent intervention rounds have been seen after a move of over, or close to, 10 yen to the upside from the 30-day low in USD/JPY...we're quite clearly some way off that right now... https://t.co/1MT2a19mvQ
On 'yen-tervention'...worth noting that the 4 most recent intervention rounds have been seen after a move of over, or close to, 10 yen to the upside from the 30-day low in USD/JPY...we're quite clearly some way off that right now...i https://t.co/CabN1R4mRR
Yen rises vs. dollar on intervention woes after hitting 37-yr low https://t.co/erAfvVYHZR
Analysts expect next Japan forex intervention around 165 https://t.co/cbgR7I4tow via @NikkeiAsia
Analysts expect next Japan forex intervention around 165 https://t.co/YjePdfbmvj
Analysts see 165 yen as line in sand for Japan in forex market https://t.co/es6mhbOtBY
Japanโs Nikkei Backpedals as Yen Intervention Risks Weigh (Update 1) https://t.co/hy1hSsgbJC
Japan issues fresh warnings against sharp yen falls https://t.co/sxJh4jZIJq https://t.co/JyIgJzMiOd
The market is jittery about a big increase in volatility in the yen as a slump in the currency to the lowest since 1986 raises the specter of Japanese intervention. These charts expose the pressure on the yen https://t.co/jAtGmmR97S
#Japanโs Finance Minister Repeats Warnings After Yen Hits Lowest Since 1986 - Bloomberg
๐ฏ๐ต Sharp #Japan GDP downgrade possible, affecting monetary policy, analysts say โ Reuters https://t.co/XpSnd21B43
๐ฏ๐ต #Japanโs Finance Minister Repeats Warnings After Yen Hits Lowest Since 1986 - Bloomberg https://t.co/eM3OYRjrn4
The dollar traded at 160.86 yen at one point Thursday morning, the Japanese currency's weakest since December 1986. https://t.co/jdzNLUaea2 https://t.co/QTFjMu9mhM
Battered yen pinned near multi-decade low amid resilient dollar https://t.co/ErP9yNwVkr https://t.co/rOeQCCUfzA
Japanese authorities will take necessary actions on currencies, Finance Minister Shunichi Suzuki said, signaling readiness to intervene in the exchange-rate market after the yen's slide to a fresh 38-year low against the dollar. More here: https://t.co/u4WEgDR7Na
Japanese authorities will take necessary actions on currencies, Finance Minister Shunichi Suzuki said, signaling readiness to intervene in the exchange-rate market after the yen's slide to a fresh 38-year low against the dollar https://t.co/HhvyAZpF7D
Dollar Firm in Tokyo after Hitting 37-Yr High in N.Y. https://t.co/lV4vWfZhr0 https://t.co/2MoIE4gcpQ
Japan Issues Fresh Warning against Sharp Yen Falls https://t.co/WY7JUnGqIY
Japan analyzing factors behind yen falls, threatens response https://t.co/H0p9coiwKg
Japan will take appropriate action as needed to defend its currency, its finance minister said after the yen slid to the lowest level versus the dollar since 1986 https://t.co/BgqbreBjZT
BREAKING NEWS JAPAN FINANCE SAYS HE'S READY TO ACT ON YEN'S DECLINE Ok.
Yen Poised For Big Swings On Intervention Threat, Charts Show - BBG https://t.co/5WLmhpBX9Y
HAYASHI TO RESPOND TO EXCESSIVE FX MOVEMENTS
HAYASHI BELIEVES THAT EXCESSIVE CURRENCY FLUCTUATIONS ARE UNDESIRABLE.
Japan Chief Cabinet Secretary says won't comment on FX levels https://t.co/aJEGsQesvn
HAYASHI REFRAINS FROM COMMENTING ON FX INTERVENTION.
Japan Finance Minister Suzuki says he's ready to act on yen's decline https://t.co/fdb3lyLJGq via @Reuters https://t.co/VI1roTlZj8
The market is jittery about a big increase in volatility in the yen as a slump in the currency to the lowest since 1986 raises the specter of Japanese intervention https://t.co/AyBfZWl7ky
Japan's Suzuki saying watching FX moves with a high sense of urgency https://t.co/NhEl3bGb1I
JAPAN FINANCE MINISTER NOTES IMPORTANCE OF CURRENCY REFLECTING ECONOMIC FUNDAMENTALS
JAPAN FINANCE MINISTER SUZUKI AIMS FOR BALANCED FX MOVEMENTS
JAPAN'S FINANCE MINISTER HOPES FOR STABLE MOVEMENT IN FX
JAPAN FINANCE MINISTER DECLINES TO COMMENT ON SPECIFIC FOREIGN EXCHANGE LEVELS
Dollar firm at upper 160 yen range after climbing to 37-year high https://t.co/KtdmDavTnF
๐ฏ๐ต Japan's 30-year government bond yield rises by 5.3 bps to 2.299%, the highest since March 2011. $USDJPY https://t.co/IScGfDhb5K
USD/JPY, USD/CNH: Intervention risk elevated on US dollar bullish break https://t.co/CJnKxLxtZg https://t.co/fAAXrsmQZs
Japanese authorities spent $62 billion in the foreign exchange market to support the yen in April and May Today, it hit a 38-year low vs the dollar I put so much energy into Japan because their decades-long monetary experiment will be remembered in history as a massive disaster
YIELD ON 10-YR JGB RISES 4 BPS TO 1.06%
Japan's yen weakened to a near 38-year low; Asia-Pacific markets set to open lower https://t.co/DwLfFoVY59
USDJPY has its eye on 161! How Low Can Japanese Yen Go? In this video ๐ โ We look at VERY long term charts for key levels โ Why Japanese Yen is weak โ How to trade intervention Are you long/short/sidelined in USDJPY? Comment below https://t.co/riNlu0K3Jr
Japanโs yen collapse blew past levels that last led officials to intervene, adding to unease for US Treasury investors https://t.co/svOxHYE7QE
USDJPY flirting with 161 with intervention watch in overdrive https://t.co/yvoFL2qMvg
Forexlive Americas FX news wrap: USD/JPY breaks 160.00 and keeps on rising https://t.co/O2k8vOkqiQ
160.84 #USDJPY is insane! ๐ฎโ๐จ๐คฏ Never ever would I have thought we'd see this level of carnage.
A grim reality is setting in for Japanese authorities as the yen plunges through milestone levels in rapid succession. https://t.co/xWoPRlH4Pj
U.S. Dollar Index $DXY now approaching its highest level of the year https://t.co/ZAzK34hG03
Historic levels today #JPY -0.25% against other currencies #USDJPY 160.664 +0.6% #EURJPY 171.68 +0.36% #GBPJPY 202.866 +0.14%
The Yen is crashing. Again. Just blew through 160 against the Dollar. Why? In part because US yields have remained high for so long. The Fed embarked on the fastest hiking cycle in history and it hasnโt fully worked yet. They are now getting desperate to justify cutting rates.โฆ https://t.co/wGj6QfoC5y
Dollar/Yen surged through its previous intervention high at 160. Smart money watching for next intervention and then the repercussions felt around the world.
Japan's Yen keeps tumbling. $/JPY just went above 160. The Ministry of Finance would be unwise to intervene in an effort to stop this. The Dollar is strengthening not just against the Yen, but against everyone, including the Euro, British Pound, Mexican Peso and Brazil's Real... https://t.co/FXyKHcctFJ
New Video! Japanese Yen - How Low Can it Go? โ We look at VERY long term charts for key levels โ Why Japanese Yen is weak โ How to trade intervention Are you long/short/sidelined in USDJPY? Comment below https://t.co/riNlu0K3Jr
$USDJPY highest exchange rate since October 1986
Japanโs currency chief said the government is watching the yen with a high level of urgency as he described the currencyโs latest moves as โrapidโ and โone sidedโ https://t.co/GVkFVzAt7s
YEN EXTENDS LOSSES, HITS NEW 38-YEAR LOW, AFTER KANDA COMMENTS
BLOOMBERG DOLLAR INDEX RISES TO HIGHEST LEVEL SINCE NOVEMBER (soon) https://t.co/HoX753Tdk4
BLOOMBERG DOLLAR INDEX RISES TO HIGHEST LEVEL SINCE NOVEMBER
*BLOOMBERG DOLLAR INDEX RISES TO HIGHEST LEVEL SINCE NOVEMBER
The yen weakened to new multidecade lows, as more major investors joined the fray to bet against Japan's currency https://t.co/yfgFFmav2b
USD/JPY GAINS 0.5% TO 160.40, HIGHEST SINCE 1986
Breaking: the yen. More yentervention today? Could go poorly. https://t.co/NpooMzxzGE
ForexLive European FX news wrap: USD/JPY trades up to highest since 1990 https://t.co/Xxft41NQZ9
Sharp Japan GDP downgrade possible, affecting monetary policy, analysts say - Reuters https://t.co/9wJgRLRc2E
DOLLAR/YEN CLIMBS TO DAY'S PEAK AT 160.340, HIGHEST SINCE DEC 1986 My target was 160 from 152 I proposed to 3B Asset manager 200M long strategy allocation at 140-144 Target was 160 Hit 160 Then at 152 I sent to add 200M worth Target 160 example of my Special weaponry
U.S. DOLLAR INDEX RISES TO HIGHEST SINCE 1 MAY AT 105.99, LAST UP 0.28% AT 105.97
JPY back over 160 https://t.co/uWFJWsBw3u
The yen weakened beyond ยฅ160 against the dollar on Wednesday, near levels that triggered a sharp reversal in April when authorities intervened to support the currency, raising speculation they may act again. https://t.co/ZcQtZyjcS1
DOLLAR/YEN CLIMBS TO DAY'S PEAK AT 160.340, HIGHEST SINCE DEC 1986
๐ฏ๐ต On the $USDJPY https://t.co/Dcefq1Cgk7
USD/JPY slowly testing the waters above the 160.00 mark https://t.co/5vlGeQxTKI
The yen continues to weaken, losing over 50% of its value in just over a decade https://t.co/uQ9MwlhdJk
USDJPY breaks 160. This could get ugly if MoF fail to defend level just eight weeks after a 10trnยฅ spree. https://t.co/gd3XRZ3jir
The Yen is trading above 160 to the dollar as the authorities try to balance, on the one hand, the need for higher interest rates to limit currency depreciation and, on the other hand, financial stability concerns associated with balance sheet imbalances among certain financialโฆ https://t.co/A6pvcowolF
USD Pushes above JPY160 Overview: The dollar is firm, and the market is challenging the JPY160 level, which it has traded above in Europe. Japanese officials say that they do not defend a specific level. See https://t.co/8IYRHkDUxB
$USD pushes above JPY160 in Europe. BOJ is not defending a particular level. It is the 9th increase in 10 session: one way market. US Treasury putting Japan on "currency watch" list may have egged on challenge to Tokyo. https://t.co/8IYRHkDUxB https://t.co/ffqJsmJnd1
Dollar rises to 160 yen for 1st time since late April https://t.co/YhLcRRSViw
Good morning. USD/JPY at 160.02 this morning as the speculative community tests the commitment of the Japanese monetary & fiscal authority to defending that level. The USD is up against 15 of the 16 major trading currencies & roughly 13.6% since the start of the year. https://t.co/xKTqXJ98V4
Last time #USDJPY reached 160, the #BOJ intervened during a holiday. A few days later, they intervened right after the closing bell of NYSE. When will they intervene this time?
$JPY cracks 160, intervention watch on red alert: https://t.co/tqddzaAVXJ
USD/JPY clips the 160.00 level in European trading https://t.co/GVpkBbCnj8
$USDJPY $160. Technicals suggest 170. Maybe if Japan's emperor (visiting Britain) says he's watching yen carefully, that might stop the decline. On a serious note, falling yen remains bad news for Hawaii...
$USDJPY *Tests 160.00 level against US dollar amid potential new FX intervention fears (US Dollar vs Japanese Yen) *Note: Japan likely intervened into FX markets in late Apr-early May as USD/JPY was testing above 160 level. (More at https://t.co/T5QQ0EDcBF)
USDJPY 160 (0.1% away from history record) USDCNY 7.2666 (cheapest since last November) https://t.co/vGduN9M00U
USD/JPY RISES TO HIGHEST SINCE APRIL 29 AT 159.945, UP 0.2%
USDJPY Technical Analysis โ The market is testing the intervention level again https://t.co/T74itSkNdP
๐ต SHARP JAPAN GDP DOWNGRADE POSSIBLE, AFFECTING MONETARY POLICY, ANALYSTS SAY A rare unscheduled revision to Japan's first-quarter gross domestic product (GDP) may lead to a sharp downgrade, possibly affecting the central bank's growth forecasts and the timing of its nextโฆ https://t.co/Wr3q8fc5zL
๐ฏ๐ต โCrazyโ for #Japan to Intervene on #Yen Before Friday, Traders Say โ Bloomberg https://t.co/bCdjsIXXfK https://t.co/RK2260M1rP
โ ๏ธJAPAN'S 10-YEAR YIELD INCREASES TO 1% approaching the high of 1.08% The Yen is at 159 https://t.co/wmPSmPcCGV
Steady US dollar sends Japanese yen to the brink of 160 https://t.co/QLhKsZKfEo via @Reuters https://t.co/K8adbe4USV
Steady dollar sends yen to the brink of 160 https://t.co/R2NRjvht1z https://t.co/sfvabBa9MK
JAPAN'S 10-YEAR YIELD INCREASES TO 1% FOR THE FIRST TIME SINCE JUNE 12
Japan, South Korea share 'serious concerns' about weak yen, won https://t.co/syzjvKd7Ja
Watch yield spreads (not yields alone). US-JPN 10 yr SPREAD has diverged away from $USDJPY rate for 2 mths. Meanwhile, in Trade-weighted terms, JPY is now 7% below the level of that record game-changing intervention of Oct 2022. Will Friday's Core PCE be the game-change?#forex https://t.co/Fnd4y7lhr2
๐ USD/JPY on Intervention Watch as Strength Persists https://t.co/4614NtdKwq 68% of retail CFD accounts lose money.
Dollar reined in by threat of Japanese intervention, yen fragile - Reuters https://t.co/Hs0BYjebXB
Japan to respond appropriately to excessive yen volatility, official says - Reuters https://t.co/JYPmOadll8
US dollar tempered by threat of Japan intervention, Japanese yen fragile https://t.co/cytTck7EvN via @Reuters
Japan to respond appropriately to excessive yen volatility, official says https://t.co/MIMlEOuNZT via @Reuters