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Japanese authorities signalled readiness to act against disorderly yen moves after the currency hit a 34-year low of 151.97 per dollar. Top currency diplomat Masato Kanda said he would not rule out any steps, and the yen recovered slightly from that level.
Intervention threats can cap USD/JPY upside and cut the cost of yen-priced imports, but feed buyers importing Japanese-linked inputs should watch for the currency swings that follow.
reuters.comTetsushi KajimotoMar 28, 2024Not 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.
