On the Foreign Exchange market in London, the yen kept on weakening against the dollar, despite rumored market intervention by the Bank of Japan.
The yen's value is slipping in London on Monday, taking cues from a rapid fall followed by over 4-yen jump in Tokyo.
Some market players indicate the Japanese central bank has made repeated market interventions to support the yen. Even so, the Japanese currency hit the mid-149 yen at one point.
Sources say market intervention would have limited effects, since the huge interest rate gap between the United States and Japan has prompted the selling of the yen.
The yen's value is slipping in London on Monday, taking cues from a rapid fall followed by over 4-yen jump in Tokyo.
Some market players indicate the Japanese central bank has made repeated market interventions to support the yen. Even so, the Japanese currency hit the mid-149 yen at one point.
Sources say market intervention would have limited effects, since the huge interest rate gap between the United States and Japan has prompted the selling of the yen.
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Summary
In London's Foreign Exchange market, the Japanese Yen weakened against the US Dollar despite rumored Bank of Japan interventions. The yen's value slipped significantly, reaching a mid-149 yen point, due to a large interest rate gap between the U.S. and Japan, prompting selling of the yen. Repeated
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ID: fc462497-b4aa-453b-926b-085ca21ff6c9
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20221025_03/
Date: Oct. 25, 2022
Created: 2022/10/25 07:29
Updated: 2025/12/09 12:22
Last Read: 2022/10/25 10:32