Bank of Japan Readying Intervention to Bolster Yen Against Ongoing Decline
Wednesday, 24 April 2024, 18:41
Bank of Japan's Intervention Plans
The Bank of Japan is contemplating stepping in to bolster the yen's value this week, particularly in light of recent challenges that have led to a 34-year low. This move may be in conjunction with the Bank of Korea for added effectiveness.
Expert Insight from Steven Barrow
Steven Barrow, head of G-10 strategy at Standard Bank, has highlighted the importance of timely intervention to support the yen and potentially reverse its downward trajectory.
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.