Loading…
Citi estimates Japan has already spent about 10 trillion yen (around $63 billion) defending the yen, with the total potentially reaching 30 trillion yen. Intervention followed the pair crossing 160, and the yen rebounded to about 158 after falling to 155.
Large remaining firepower allows Japan to keep capping yen weakness, which moderates the yen cost of dollar-priced feed imports but leaves the outlook sensitive to oil-driven pressure.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.