The Business Times
business-time-50
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

google-preferred-sourceAdd BT as a preferred source
Published Mon, Apr 11, 2016 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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.

    yenJapan economy

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

    Beijing’s calculated silence on the Iran war 

    Foreign institutional and individual investors trading via licensed platforms in Vietnam will face a 0.1% tax on transaction value.

    Vietnam sets low bar for crypto taxes to pull trading onshore

    Visitors at the KL Tower. Industry observers say inbound trip cancellations have surged to approximately 5,000 in the past month.

    Malaysia tourism hit by fuel shock; tour prices may jump 50%

    US President Donald Trump (left) with Chinese President Xi Jinping at a bilateral meeting on the sidelines of the Apec summit in Busan last October.

    China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More