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Japanese authorities warned they were ready to act against sharp yen moves after softer-than-expected US inflation triggered a broad dollar sell-off. The yen rose to 140.94 per dollar, its biggest one-day gain since 2008.
Officials declined to confirm whether they had intervened.
Verbal intervention threats and possible action put a floor under the yen, which affects the dollar cost of Japanese purchases and the yen-denominated value of dollar-priced grain and oilseed imports.
financialpost.comReutersNov 11, 2022Not 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.
