New Overnight Developments Abroad - Daily Update
Japanese Finance Ministry Amps Up Threat of Yen Intervention Support
March 25, 2024
With the yen down 12.5% against the dollar so far this quarter and hovering not far from a its three-decade low, Japanese Vice Minister for International Affairs Masato Kanda made a not-subtle threat of direct intervention purchases of the currency. The weakening of the yen is not in line with fundamentals and is clearly driven […] More
