Japan's Yen: Will Ministry Intervene?

Japans Ministry of Finance may not intervene in the foreign exchange market to support the yen, despite its significant weakening against the US dollar. Analysts at Bank of America Global Research suggest that intervention is unlikely until the yen reaches one hundred fifty-eight or even one hundred sixty against the dollar, due to low market volatility and the strong performance of Japanese stocks and government bonds.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.