New Overnight Developments Abroad - Daily Update
Suspected Japanese Foreign Exchange Intervention
April 29, 2024
The yen initially plunged overnight to as low as 160.3 per dollar, but suspected foreign currency sales by the Japanese government yanked it back to 156.3 for a net gain of 1.2% from Friday’s closing level. Although not surprised, investors had been surprised Friday when the Bank of Japan chose not to raise interest rates […] More
