22 Hrs
Source:
بوابة الوسط
Japan-US jointly intervene to stabilize yen
Japan and the United States announced a joint intervention in the currency markets to support the Japanese yen, which reached its lowest level in 40 years against the dollar. Reports indicated that Tokyo and Washington purchased billions of dollars' worth of yen during trading hours in New York, with Japan spending approximately $73 billion to support the currency, and the overall intervention amounting to around $30 billion. This comes after the yen fell to its lowest level against the dollar since 1986, amid hints of a possible upcoming interest rate hike in Japan due to the significant interest rate gap between Japan and the United States. This situation reflects the instability of the Japanese currency and the efforts by both countries to maintain market stability.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)