SUBSCRIBERS
Threat of intervention keeps yen speculators at bay
Published Mon, Jun 27, 2016 · 09:50 PM
Tokyo
THE yen's appreciation was slowed by a post-Brexit standoff on Monday, as the Japanese authorities stepped up their threats of currency intervention to counter fears that speculators would dump the pound and other key currencies and build up positions in the "safe haven" yen.
The currency gained limited ground in Tokyo and European trading after prime minister Shinzo Abe summoned f…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
UK wage growth and services inflation too high for rate cut, BOE’s Greene says
US to reduce licensing by 80% for UK, Australia to boost Aukus
IMF tells Asian central banks not to follow Fed too closely
UN chief warns Mideast on brink of 'full-scale regional conflict'
IMF boss says ‘all eyes’ on US amid risks to global economy
UK financial sector seeks stronger accountability of regulators