Yen surges back after hitting 34-year low as stocks rally

  • 📰 trtworld
  • ⏱ Reading Time:
  • 28 sec. here
  • 25 min. at publisher
  • 📊 Quality Score:
  • News: 95%
  • Publisher: 63%

Turkiye Noticias

Turkey,Middle East,Africa

The yen slipped to 160.17 to the greenback in volatile morning trade, with liquidity thin amid a holiday in Japan, stirring speculation that authorities would intervene to arrest its slide.

The yen has swung wildly as it surged soon after hitting a fresh 34-year low against the dollar.

"I have no comment at this time," Masato Kanda, Japan's vice minister of finance for international affairs, told reporters at the ministry after the yen's sudden rise. Officials have repeatedly said they are ready to step in if there are wild movements in the exchange rate, citing speculators as a key issue."Expectations of intervention having a sustained impact may disappoint given macro fundamentals do not support a sudden shift to a hawkish monetary stance," said National Australia Bank's Tapas Strickland.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 101. in AR
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Japanese yen strengthens after touching 160 to the dollar; Asia stocks rise as Fed meeting loomsThe Japanese yen touched 160 against the U.S. dollar, while investors awaited Japan’s industrial production and retail sales data from March later in the…
Fuente: NBCNewYork - 🏆 270. / 63 Leer más »

Japanese yen touches 160 to the dollar; Asia stocks rise as Fed meeting loomsThe Japanese yen touched 160 against the U.S. dollar, while investors awaited Japan’s industrial production and retail sales data from March later in the…
Fuente: NBCDFW - 🏆 288. / 63 Leer más »