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FX/BondsIMPORTANT

Japan Government and BoJ intervened in the FX market today, Nikkei reports

StockNow breaking-news AI analysis

Japan intervened to support the yen, causing USD/JPY to drop from 164 to 158. The move, involving rate checks, occurred just before the BoJ's expected rate hold at 1.00%.

News detail

Says desks conducted rate checks Japan intervened via USDJPY, by buying yen and selling dollars, according to sources cited The report says "the moves suggest the two governments are coordinating to curb the yen's depreciation"

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