FinanceNewsAPI
Yen strengthens after Japan official warns of ‘decisive action’ - ft.com
Overview
Japan's top currency official warned that decisive government action might be needed after recent moves, a comment that strengthened the yen as markets priced in intervention. The recent surge in JGB yields and expectations of further BOJ tightening increase the chance that Japanese investors will repatriate foreign assets, which would strengthen the yen further and raise the urgency for policy intervention. Market participants will watch Tokyo closely for any concrete measures, which could affect exporters, capital flows, and global currency volatility.
Entities
ORGFinancial TimesORGft.comORGJapanese government
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