Iran, Dollar and yen
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By Leika Kihara and Makiko Yamazaki TOKYO, May 8 (Reuters) - Japan is wagering that a hawkish shift at the Bank of Japan and an endorsement from U.S. Treasury Secretary Scott Bessent can give yen-buying intervention extra bite and help slow the embattled currency's slide.
Japan's Ministry of Finance has intervened in the yen over the country's Golden Week holiday.
Sharp moves in the Japanese yen that sent the currency to a 10-week high are renewing speculation that the country is intervening in the market.
By Rae Wee, Noriyuki Hirata and Ankur Banerjee SINGAPORE/TOKYO, May 6 (Reuters) - The yen surged suddenly on Wednesday, sparking speculation of further intervention by Tokyo, which is widely credited with last week's sharp rally in the battered currency.
The Nikkei, citing a government source, said officials had intervened buying the currency, which had been around its weakest since July 2024 earlier Thursday.
Japan can conduct only two more sessions of three-day interventions by November if it wants to maintain its status of having a freely floating exchange rate, based on International Monetary Fund guidelines.
The Japanese yen (JPY) is the worldโs third most-traded currency, while the Australian dollar (AUD) ranks seventh, with both remaining popular in the forex market for their distinct characteristics. T
By Makiko Yamazaki, Leika Kihara and Dhara Ranasinghe TOKYO/LONDON, May 1 (Reuters) - Japan's yen jumped in a sharp move on Friday as the country's top foreign exchange diplomat warned Tokyo was ready to step back into markets,
It looks like Japan's Ministry of Finance may once again have intervened to support the yen. The Japanese currency surged 1.2% early Wednesday having approached the 158 to the dollar level as the impact of previous bouts of intervention waned.
SINGAPORE (Reuters) -A stubbornly weak yen has Japan on the cusp of intervening in the currency market for the third time in roughly as many years, but analysts say it's likely to be ineffective and authorities must tread carefully to avoid triggering a ...
By Makiko Yamazaki and Leika Kihara TOKYO, May 7 (Reuters) - Japan faces no constraints on how often it can intervene in currency markets and is in daily contact with U.S. authorities, its top currency diplomat said on Thursday,