'Mr Yen' says Japan could intervene if yen falls to 155
Publishing timestamp: 2024-03-20 01:56:05
Summary
The Japanese yen weakened against the dollar and euro after Bank of Japan exited negative rates regime and ahead of U.S. Federal Reserve's interest rate decision. Former top foreign exchange official Eisuke Sakakibara stated that Japanese authorities may intervene if yen sinks to 155 to 160 against the dollar, and he expects yen to strengthen to 130 by the end of the year or early next year.
Sentiment: NEUTRAL
Keywords: world economy, forex markets, asia economy, world markets, central banking, euro/japanese yen fx cross rate, economic events, business news, japan, prices, united states, usd/jpy,
Source: https://www.cnbc.com/2024/03/20/mr-yen-eisuke-sakakibara-japan-intervention.html