The Japan Times
중도 성향
경제
Yen falls to pre-intervention levels after solid U.S. jobs data
As of 5 p.m. Friday, the greenback stood at ¥160.28 to 160.38, up ¥0.31 from the previous day.
The Japan Times · "YEN" · 총 9건
필터 보기현재 지수
50.0
0 = 부정 우세
50 = 중립
100 = 긍정 우세
최근 7일 기준 294건을 분석한 결과, 뉴스 심리지수는 50.0(균형)입니다. 긍정 0건(0.0%)·중립 294건(100.0%)·부정 0건(0.0%)이며, 중립 비중이 뚜렷하게 높습니다. 성향 지수는 종합 0.0(중도 균형)입니다.
As of 5 p.m. Friday, the greenback stood at ¥160.28 to 160.38, up ¥0.31 from the previous day.
Mitsubishi UFJ Asset Management said a larger or out-of-cycle Bank of Japan rate hike can’t be ruled out, warning that an expected increase this month may not be enough to prevent further declines in the yen and Japanese government bonds.
The currency is now near the level that some traders believe is the red line for the government and will lead to another major effort to prop up the currency.
Ministry figures released Friday show that Japan spent ¥11.73 trillion supporting the yen between April 28 and May 27, in a record for a monthlong period.
The currency underperformed all its Group-of-10 peers in May despite record spending by Japan, putting it in danger of weakening to 160 against the dollar before June 16.
Finance Ministry data for the month from April 28 to Wednesday showed a total intervention of ¥11.73 trillion ($73.6 billion) over a period marked by several spikes in the yen.
A person familiar with the matter said intervention took place on April 30 and price moves through May 6 bear the hallmarks of government purchases.
If the central bank fails to raise interest rates in June, that would have an impact on the bond and currency markets, Alberto Tamura said in an interview.
"We have understanding" from the G7 counterparts, Finance Minister Satsuki Katayama said. "We will take bold action as needed."