27 Days
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الاقتصادية
Eileen at risk as Tokyo avoids intervention
The Japanese yen fell to a level of 160 yen against the dollar, prompting Japanese officials to issue verbal warnings about market intervention, amid growing concerns over the currency's continued weakness and Gulf tensions that have boosted demand for the dollar as a safe haven. Despite a record-spending of 11.7 trillion yen to support the yen between April and May, the currency remains in a risky range that may require official intervention—especially after an increase in short-selling positions and signals indicating the Japanese authorities' hesitation to take early action. Markets are awaiting the Bank of Japan Governor's speech regarding a possible increase in interest rates, following the decision to keep monetary policy unchanged.
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