(Bloomberg) -- A tumbling yen is spurring traders to game plan how much further Japan’s beleaguered currency can fall even with the specter of intervention...
-- A tumbling yen is spurring traders to game plan how much further Japan ’s beleaguered currency can fall even with the specter of intervention looming.Iran’s Attack on Israel Sparks Race to Avert a Full-Blown WarJPMorgan Chase & Co.’s private banking unit and Bank of America Corp. see 160 as the next potential milestone for the currency that’s already sunk to a 34-year low against the dollar. T.
While traders are on high alert for intercession from Japanese authorities to bolster the yen, the Ministry of Finance may opt to stay on the sidelines until volatility ratchets up in the market.Japan’s top currency official Masato Kanda has previously said a 10 yen change over the course of one month is rapid. A gauge measuring the FX pair’s low-to-high move over a rolling 28-day window stood at 7 yen, falling short of this threshold.
“It depends on the manner of which we get to 160,” Wang said in an interview with Bloomberg Television. “If it happens in a very rapid and somewhat disorderly way, then I think FX intervention certainly is a risk.” Another presidential election is on the horizon, and financial advisors are considering the possibility of Donald Trump securing the Republican nomination and winning a second term at the presidency....Shares of Trump Media & Technology Group are plunging on Monday morning after an SEC filing revealed it will issue another 21.5 million shares Yahoo Finance's Julie Hyman and Josh Lipton break down the details.
Intervention Bank Of America Corp. Bank Of Japan Japan
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Yen Traders Are Targeting Slump Beyond Key 152 Per Dollar Level(Bloomberg) -- Currency traders are betting that the yen will tumble beyond the closely-watched 152 per dollar level, and are ramping up wagers on a slide...
Read more »
Yen Traders Are Targeting Slump Beyond Key 152 Per Dollar LevelCurrency traders are betting that the yen will tumble beyond the closely-watched 152 per dollar level, and are ramping up wagers on a slide toward 155.
Read more »
Asian Stocks to Be Sold on CPI, Traders Wary of Yen InterventionAsian stocks are likely to be under pressure after Wednesday’s faster-than-expected US inflation data, while currency traders will be on watch for possible yen intervention, according to analysts and strategists
Read more »
Yen Is Vulnerable to Fed After BOJ Keeps Traders Guessing on More HikesThe yen is at risk of sliding back to three-decade lows against the dollar after the Bank of Japan ended negative interest rates without clear guidance on further hikes — leaving the Federal Reserve the key to near-term moves.
Read more »
Japanese stocks down, yen steady as markets brace for landmark BOJ shiftJapanese shares fell on Tuesday along with regional markets, while the yen was steady heading into a pivotal Bank of Japan meeting that could end eight years...
Read more »