SUBSCRIBERS

Yen to continue climbing despite intervention threats, say analysts

Tokyo officials do not rule out intervention, though market watchers say it is unlikely in the run-up to the G-7 meeting

Published Mon, Apr 11, 2016 · 09:50 PM

yen

Tokyo

WARNINGS of official intervention to halt so-called "one-sided" moves of the yen don't seem to be working, as the yen moved to fresh 17-month highs on Monday, reaching 107.63 to the dollar in Tokyo trading at one point.

Market players say that any such move would be fruitless, and predicted a further strengthening of the yen.

KEYWORDS IN THIS ARTICLE

Japan economy

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes

International

Australian business strength is shocking even its biggest lender
South Korea’s factory activity shrinks in April, but optimism about outlook ticks up
US sanctions firms in China, UAE for support of Russia’s war
Japan suspects companies are evading disclosure of cross-shareholdings
Germany hit hard as foreign investment falls in Europe: EY survey
South Korea’s April inflation at 2.9% y/y, lower than expected

Purchase this article

International

International

Yen to continue climbing despite intervention threats, say analysts

KEYWORDS IN THIS ARTICLE

International

Australian business strength is shocking even its biggest lender

South Korea’s factory activity shrinks in April, but optimism about outlook ticks up

US sanctions firms in China, UAE for support of Russia’s war

Japan suspects companies are evading disclosure of cross-shareholdings

Germany hit hard as foreign investment falls in Europe: EY survey

South Korea’s April inflation at 2.9% y/y, lower than expected

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

SECTIONS

LIFESTYLE

Follow BT