Japan FX Intervention Risk Rises as Yen Weakens on Strong US Data
Monday, 1 April 2024, 20:53
Yen Weakens on US Data, Raising Japan FX Intervention Risk
The yen is weakening toward 152 per dollar, a key level that traders see elevating risk that Japanese officials intervene in the market, after strong US factory data boosted the dollar.
Key Points:
- Yen weakening: Towards 152 per dollar.
- Market risk: Concerns over potential Japanese intervention.
- US dollar boost: Strong US factory data driving the currency's strength.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.