BOJ asking market players about causes of dollar/yen moves: source
[TOKYO] The Bank of Japan is asking market participants during US trading hours about the causes of the yen's moves against the dollar but is not specifically checking rates, a person familiar with the matter said on Thursday.
"It's not a rate check," the source told Reuters, when asked about a report that the BOJ was asking participants specific details about their dollar/yen positions, a move often seen as a threat or precursor to intervention.
Rather, he said, the central bank is "asking, 'Why is it moving?'" the source said.
The dollar bounced back one full yen soon after US markets came on line on Thursday, with traders wary that the BOJ might intervene to halt further sharp gains in the yen after the dollar sank to around 110 yen.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
South Korea readies new system to detect illegal short-selling
US births retreat after pandemic-era growth
Markets are embracing India’s Modi for what he won’t do
Blinken to meet businesses in Shanghai as he kicks off a tough China trip
Indonesia’s central bank surprises with ‘pre-emptive’ rate hike to cushion falling rupiah
South Korea’s economic growth beats forecast as exports rise