The Japanese yen depreciates against the US dollar, breaking 155! The exchange rate against the euro hits a historic low! Is government intervention imminent?
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The exchange rate of the Japanese yen against the US dollar and the euro has hit a historical low, raising speculation in the market about whether the Japanese government will intervene. The Japanese Finance Minister has warned about fluctuations in the foreign exchange market, noting that historically, Japan has intervened when the yen depreciated significantly. Most institutions believe that Japan is unlikely to intervene in the short term, and a policy response may only be triggered if the level of 158 is tested. Future trends will depend on US economic data and the Japanese Prime Minister's economic stimulus plan
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