USD/JPY (JPY=X)
| Previous close | 142.3350 |
| Open | 143.3300 |
| Bid | 143.3300 |
| Day's range | 143.3300 - 143.3300 |
| 52-week range | 110.5340 - 145.8830 |
| Ask | 143.3700 |
- Financial Times
Investors stand by big yen short despite BoJ intervention
The Bank of Japan’s intervention to prop up the yen this week comes as hedge funds and asset managers have built up large short positions against the currency. The yen has fallen victim to the remarkably strong dollar this year, reaching its weakest level against the US currency in 24 years on Thursday just before the BoJ’s move. It has been losing value since the start of the year, a move that accelerated after the Federal Reserve signalled its intention to implement rate rises at one of the fastest clips in years.
- Motley Fool
Japan's Government Intervened to Prop Up the Yen
Fiscal policy in Japan these days is like a giant game of tug-of-war. On one side is a highly sensitive central bank, which insists on maintaining...
- Bloomberg
Japan’s Historic Intervention Fails to Alter Forces Sapping Yen
(Bloomberg) -- Japan’s first market intervention in over two decades to push up the yen halted the currency’s steady drop. What it didn’t do was alter the widening gulf in global monetary policy that’s driving the decline.Most Read from BloombergJapan to Restore Visa-Free Travel From Oct. 11 as Covid Pandemic Recedes South Korea President Caught on Hot Mic Insulting US CongressUnless Rents Rise, Housing Is Set Up for an Epic CrashA Great Copper Squeeze Is Coming for the Global EconomyPutin's Ord
