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Japan intervention risk mounts as yen drops to lowest since 2024 From msn.com Yen watchers are on alert for the risk of intervention by authorities to prop up the currency after it hit its weakest level against the dollar since July 2024. Japan’s currency fell as much as 0.2% to 160.80 per dollar on Wednesday before trading at around 160.63 at 11:30 a.m. in Tokyo. The move overnight was driven mainly by a rally in the US currency as traders added to bets that the Federal Reserve will increase interest rates this year. “The Fed meeting signaled a hawkish shift in policy,” said Andrew Hazlett, a foreign-exchange trader at Monex Inc. “This is driving dollar strength and has put the yen at ...(full story) The Swiss National Bank said on Thursday it is ready to intervene in foreign exchange markets if a rebound in demand for the safe-haven franc drives the currency higher. It came ... In the week ending June 13, the advance figure for seasonally adjusted initial claims was 226,000, a decrease of 4,000 from the previous week's revised level. The previous week's ... BoE Gov. Bailey: The economy has softened, and energy costs are above pre-war levelsBoE Gov. Bailey: I am very encourag…

Japanese yen sinks to 40-year low, keeping intervention risks in focus In this article TheJapanese yenweakened to its lowest level against the U.S. dollar since 1986 on Tuesday, keeping investors on alert for possible intervention from Japanese authorities. The yen fell to 162.19 per dollar as of 1.27 a.m. ET, marking its lowest level in four decades, according to data from LSEG. Japan's Finance Minister Satsuki Katayama said Tuesday the government was ready to take appropriate action against excessive currency moves. "That includes taking decisive action, as confirmed between Japan and the U.S.," Katayama said. Chief Cabinet Secretary Minoru Kihara said at a regular press conference on Tuesday that the Japanese government will work to build an economy less vulnerable to foreign-exchange volatility while remaining prepared to intervene in currency markets if necessary. Kihara also declined to comment on the yen's current level. Nomura's North Asia chief investment officer Julia Wang said Japan could intervene in the foreign exchange market after the yen slid to a fresh multi-decade low, although she expects any impact on broader markets to be short-lived. While intervention…

Japanese Yen bears turn cautious amid intervention fears Share Facebook Twitter Pinterest Threads Bluesky Copy Link The USD/JPY pair edges lower during the Asian session on Thursday, albeit it lacks follow-through and finds support ahead of the 161.50 level. Nevertheless, spot prices remain well within striking distance of a 40-year high as traders look forward to the US Personal Consumption Expenditures (PCE) Price Index for a fresh impetus. The crucial inflation data will dictate the Federal Reserve’s (Fed) policy path, which, in turn, will play a key role in influencing the US Dollar (USD) price dynamics and determining the next leg of a directional move for the USD/JPY pair. In the meantime, the recent decline in Crude Oil prices has eased inflationary concerns, prompting traders to scale back their bets on Fed interest rate increases. This, in turn, triggers a modest USD pullback from its highest level since May 2025, touched on Wednesday, and acts as a headwind for the USD/JPY pair. Apart from this, heightened speculation about joint US-Japan intervention offers some support to the Japanese Yen (JPY) and further caps the upside for the currency pair. In fact, Japan’s Finance…

Japanese Yen extends its fall as US-Japan rate gap lifts USD/JPY USD/JPY trades around 162.65 at the time of writing, up 0.44% on the day, and remains close to its highest level in several decades. The pair continues to benefit from a supportive backdrop for the US Dollar (USD), while repeated warnings from Japanese authorities about possible foreign exchange intervention have failed to reverse the broader trend. The Japanese Yen (JPY) remains weighed down by the wide interest rate differential between Japan and the world's major economies. The Bank of Japan (BoJ) raised its policy rate to 1% in June, its highest level since 1995, but it remains well below the Federal Reserve's (Fed) 3.5% to 3.75% target range. This gap of around 250 basis points continues to support carry trades at the expense of the Japanese currency. Meanwhile, the US Dollar is regaining strength after its recent pullback. Ongoing tensions surrounding Iran continue to fuel inflation concerns and reinforce expectations of additional monetary tightening by the Fed. According to the CME FedWatch tool, markets are now assigning a high chance to another rate hike before the end of the year. These expectations were a…

Japanese yen sinks to 40-year low, keeping intervention risks in focus In this article TheJapanese yenweakened to its lowest level against the U.S. dollar since 1986 on Tuesday, keeping investors on alert for possible intervention from Japanese authorities. The yen fell to 162.19 per dollar as of 1.27 a.m. ET, marking its lowest level in four decades, according to data from LSEG. Japan's Finance Minister Satsuki Katayama said Tuesday the government was ready to take appropriate action against excessive currency moves. "That includes taking decisive action, as confirmed between Japan and the U.S.," Katayama said. Chief Cabinet Secretary Minoru Kihara said at a regular press conference on Tuesday that the Japanese government will work to build an economy less vulnerable to foreign-exchange volatility while remaining prepared to intervene in currency markets if necessary. Kihara also declined to comment on the yen's current level. Nomura's North Asia chief investment officer Julia Wang said Japan could intervene in the foreign exchange market after the yen slid to a fresh multi-decade low, although she expects any impact on broader markets to be short-lived. While intervention…

Yen slides past 160 per dollar again as short sellers step up pressure ... South China Morning Post 6-15 Yen slides past 160 per dollar again as short sellers step up pressure, raising 1997-style crisis fears The yen has moved back above 160 to the US dollar, nearing a level that could trigger fresh intervention after a major government operation about a month earlier. Japan holds more than US$1.3 trillion in foreign exchange reserves, but repeated interventions would become costlier and less effective. The author argues the yen’s fundamentals are weakening as Japan’s high debt limits rate hikes and its trade position deteriorates amid higher energy import costs and rising defence spending, increasing near-term depreciation risks. Source Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions . Forex

Opinion | As short-sellers circle the yen, a repeat of 1997 Asian ... Home Currencies Opinion | As short-sellers circle the yen, a repeat of 1997 Asian crisis looms Currencies 5 days ago Japan is falling into a trap in defending its currency against the US dollar, like Thailand in 1996. Japan’s large forex reserves make the yen a juicy target, rather than deterring currency predators. Its fundamentals are weak and deteriorating, making the yen’s further decline inevitable. Japan can’t raise interest rates aggressively to defend its currency due to its high national debt. It could fall into an inflation-devaluation spiral, greatly profiting yen short-sellers. The yen is trading above 160 to the US dollar again, just a month after a massive government intervention. Japan’s foreign exchange reserves stand at over US$1.3 trillion but further interventions will only cost more and be less effective, allowing short-sellers to build larger positions. Some yen short-sellers are likely to have also shorted East Asian currencies in the lead up to the 1997 Asian financial crisis . They are orders of magnitude bigger today and will need far more to satisfy their appetite. Japan fits the bill. …

Japan's Yen hits 40-year low as clock ticks on intervention Japan's Yen hits 40-year low as clock ticks on intervention Yen hits 40 year low near 162 per dollar, markets eye possible Tokyo intervention as Fed rate hike odds rise, dollar index climbs, US jobs data and Supreme Court rulings in focus By Reuters June 30, 2026, 6:58:40 AM IST (Published) 3 Min Read The yen was pinned at levels not seen since 1986 on Tuesday, stoking worries that a direct intervention from Tokyo was around the corner, while the dollar backed away from 13-month highs ahead of jobs data that could influence the US rate outlook. The yen weakened to 162.27 per dollar in early trading, a 40-year low, with focus turning to Tokyo's next steps. The Japanese currency was set for a nearly 2% drop against the dollar for the second quarter, its fourth straight quarter of decline, a run it last had in 2022 when it fell for seven consecutive quarters as a wide interest rate difference drags the yen. "It's a question of when, not if, the Ministry of Finance (MOF) intervenes again to support the yen," said Carol Kong, currency strategist at Commonwealth Bank of Australia. "However, any intervention is unlikely to rever…

As short-sellers circle the yen, a repeat of 1997 Asian crisis looms Japan is falling into a trap in defending its currency against the US dollar, like Thailand in 1996. Japan’s large forex reserves make the yen a juicy target, rather than deterring currency predators. Its fundamentals are weak and deteriorating, making the yen’s further decline inevitable. Japan can’t raise interest rates aggressively to defend its currency due to its high national debt. It could fall into an inflation-devaluation spiral, greatly profiting yen short-sellers. The yen is trading...

Dollar weakens across the board as yen climbs on intervention risk - CNBC The U.S. dollar fell across the board and the Japanese yen jumped to a more than two-month high on Monday as speculation mounted about joint U.S.-Japan currency intervention after remarks from Tokyo's prime minister and Japan's leading currency diplomat. Investors also scaled back their dollar positions ahead of a Federal Reserve meeting and a possible announcement by the Trump administration of a new Fed chair. Worries about another U.S. government shutdown also pressured the dollar. The dollar was 1% lower against the yen at 154.15, on pace for a nearly 3% slide over the last two trading sessions, the worst such weakening since April 2025 following the "Liberation Day" tariff-related market upheaval. Tokyo continued to preoccupy investors after Japan's Prime Minister Sanae Takaichi said on Sunday her government would take the "necessary steps" against speculative market moves. A source on Friday told Reuters that the New York Federal Reserve had checked dollar/yen rates with dealers, which is considered to be a precursor to intervention. The rush to exit short yen positions has lifted the currency by o…

Yen Hits 40-Year Low Amid Talk of Tokyo Currency Intervention Published byGlobal Banking & Finance Review Posted on June 30, 2026 · Last updated: June 30, 2026 By Alun John and Ankur Banerjee LONDON/SINGAPORE, June 30 (Reuters) - The steadily climbing dollar pushed the yen down to levels not seen since 1986 on Tuesday, stoking worries that direct intervention from Tokyo was near, if perhaps not immediate, and also putting the euro under pressure. The greenback climbed to as high as 162.41 yen for the first time in 40 years on Tuesday and was last at 162.15, up slightly on the day. Japanese Finance Minister Satsuki Katayama reiterated that authorities stood ready to respond appropriately at any time, but refrained from stronger rhetoric. "The dollar is the main story at the moment and dollar/yen the key focus within that," said Lee Hardman, senior currency analyst at MUFG. "The market has moved to price in a higher chance of the Federal Reserve hiking rates, and while our view is ultimately the Fed can look through this inflation pick up there isn't an immediate trigger for that unless we get softer data or Fed officials dial back the rhetoric." U.S. inflation is running we…

Japanese Yen Is Losing Safe-Haven Status In A Time Of Crisis Asia Japanese Yen Is Losing Safe-Haven Status In A Time Of Crisis By William Pesek , Senior Contributor. Forbes contributors publish independent expert analyses and insights. I write about economics, markets and policymaking throughout Asia. Follow Author Mar 31, 2026, 12:15pm EDT getty On any list of signs the global financial system is going awry, the Japanese yen weakening in a time of crisis deserves prominent mention. For a good two decades now, the yen had been a reliable safe-haven in times of global distress. The fast-widening fallout from U.S.-Israeli attacks on Iran should have the Japanese currency soaring along with the dollar. Instead, the yen’s drop to the 160 level has officials in Tokyo scrambling and hinting at action. On Monday, Japan’s top currency official, Atsushi Mimura, warned speculators not to test the Ministry of Finance, a clear hint currency intervention could be on the way. “We’re hearing increasing concern that speculative activity is picking up not just in the crude oil futures market, but also in the foreign exchange market,” Mimura told reporters. “If this situation continues, we believe …

Japan shifts focus to oil in unorthodox scramble to talk up yen TOKYO, March 26 (Reuters) – Japan is weighing a controversial plan to arrest the yen’s slide: stepping into oil futures markets, sources say, as long-standing policy tools lose traction against stubborn inflation pressures. Details of the proposal remain scant, after Reuters reported on Monday that it was under discussion, but the idea underscores Tokyo’s mounting frustration. Policymakers increasingly see speculative surges in energy prices as a major driver of the yen’s weakness against ​the dollar – and a problem monetary easing and verbal intervention no longer seem able to contain. Analysts and even some in the government, however, question ‌whether such a strategy would have any meaningful impact in arresting the yen’s current weakness, which they mostly attribute to dollar strength, rather than speculative yen short-selling. “The government must be aware that the impact would inevitably be temporary,” Shota Ryu, FX strategist at Mitsubishi UFJ Morgan Stanley Securities, said. “They would likely use it mainly to buy time till the Middle East situation improves.” UNORTHODOX PIVOT Market sources have told Reuters …

Japanese yen sinks to 40-year low, keeping intervention risks in focus In this article TheJapanese yenweakened to its lowest level against the U.S. dollar since 1986 on Tuesday, keeping investors on alert for possible intervention from Japanese authorities. The yen fell to 162.19 per dollar as of 1.27 a.m. ET, marking its lowest level in four decades, according to data from LSEG. Japan's Finance Minister Satsuki Katayama said Tuesday the government was ready to take appropriate action against excessive currency moves. "That includes taking decisive action, as confirmed between Japan and the U.S.," Katayama said. Chief Cabinet Secretary Minoru Kihara said at a regular press conference on Tuesday that the Japanese government will work to build an economy less vulnerable to foreign-exchange volatility while remaining prepared to intervene in currency markets if necessary. Kihara also declined to comment on the yen's current level. Nomura's North Asia chief investment officer Julia Wang said Japan could intervene in the foreign exchange market after the yen slid to a fresh multi-decade low, although she expects any impact on broader markets to be short-lived. While intervention…

As short-sellers circle the yen, a repeat of 1997 Asian crisis looms Advertisement As short-sellers circle the yen, a repeat of 1997 Asian crisis looms A Japan declining in competitiveness presents a tempting target, with short-sellers likely to also target economies like India and Indonesia 3 -MIN READ3 -MIN Dr Andy Xie is a Shanghai-based independent economist specialising in China and Asia, and writes, speaks and consults on global economics and financial markets. Published: 8:30pm, 15 Jun 2026 Japan is falling into a trap in defending its currency against the US dollar, like Thailand in 1996. Japan’s large forex reserves make the yen a juicy target, rather than deterring currency predators. Its… News Timeline:Track the development of this news story across the Internet. May 13, 2026 Source:mercurynews.com April 17, 2026 Source:ChinaMoneyNetwork.com April 15, 2026 Source:crypto.news April 13, 2026 Source:tribuneindia.com April 2, 2026 Source:economictimes.indiatimes.com January 5, 2026 Source:ChinaRetailNews.com December 25, 2025 Source:channelnewsasia.com December 22, 2025 Source:cp24.com December 20, 2025 Source:europesays.com December 20, 2025 Source:eur…