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المشهد العربي
Japanese Yen Rises Near 4% This Week
The currency market saw the Japanese Yen achieve its highest gains in six months, approaching 4% over the week thanks to US-Japanese government interventions supporting the currency. It rose against the dollar by 0.63%, reaching 153.39 yen. The Japanese Ministry of Finance confirmed its commitment to stabilizing the foreign exchange market, indicating that its stance has not changed since the joint intervention with the United States. Additionally, expectations of a Japanese interest rate hike and the reinvestment of pension funds are contributing to support for the national currency. This followed previous interventions totaling 15.4 trillion yen during July and August aimed at stabilizing the financial markets.
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