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Market move● Neutral for Indian equities
Japan Pauses Forex Intervention as Yen Strengthens
The brief
- Japan did not intervene in forex markets during the past month as the yen strengthened
- Earlier verbal warnings and summer intervention had helped support the yen
- EXCLUSIVE: Japan top FX diplomat urges markets to heed 'very clear' warning on yen
- Japan’s two-year government bond yield nears 2% amid BOJ rate-hike bets
- Bank of Japan debated need for faster rate hikes, July minutes show
- Yen gains after Japan’s finance minister signals readiness for bold action
- Japan’s falling bond prices stall repatriation rush