160 USD/JPY exchange rate prompts speculation of Japanese Ministry of Finance intervention.

The USD/JPY exchange rate is nearing 160, prompting speculation of Japanese Ministry of Finance intervention. While MoF has previously intervened at quieter and illiquid periods, the likelihood of immediate intervention may depend on other market indicators and the pace of adjustments in Japanese and US monetary policies. The primary goal of MoF is to deter excessive speculation and ensure the Yen's movement aligns with underlying economic fundamentals.

June 23, 2024
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