Call 800 665 0411 to learn about our services for your stock

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS

Share on StockTwits

Yen Consolidates Amid Intervention Risks

Market comments on behalf of Agustina Patti - Financial Markets Strategist - Exness


March 28, 2024 ( Newswire) The Japanese yen continued to trade sideways against the U.S. dollar near a multi-year low with traders remaining cautious as Japanese authorities hinted at possible actions to support the currency if necessary. Yesterday, Japan's financial authorities, including the Bank of Japan (BOJ), the Finance Ministry, and Japan's Financial Services Agency, organized a meeting to address the yen's weakness, indicating their readiness to intervene in the market which could help put a floor under the yen at current levels. Masato Kanda, the vice finance minister for international affairs, highlighted the BOJ's commitment to utilizing monetary policy tools if currency dynamics negatively impact the economy and price stability. As a result, the USDJPY pair could be exposed to some risks and volatility as traders could react to the release of Japanese and US economic data later today and tomorrow with the release of Japan's Industrial Production figures, retail sales, and Tokyo's Core CPI on one side and the US job market data, GDP figures and PCE data on the other. Stronger-than-expected US data could weigh on the yen and could potentially raise the risks of an intervention from the Japanese central bank.

More Info: Newswire

This news is published on the Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: Learn more about publishing your news release and our other news services on the newswire

Global investors must adhere to regulations of each country. Please read privacy policy:

That's all it takes to get an article published on Investor Ideas - Learn More