BOJ Data May Help Show Whether Japan Intervened in Forex Market

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Bloomberg,Current Account Balance,Currency Market

(Bloomberg) -- The Bank of Japan is set to release data tonight that may help solve the mystery of whether authorities intervened in the currency market on...

-- The Bank of Japan is set to release data tonight that may help solve the mystery of whether authorities intervened in the currency market on Monday after the yen plunged beyond 160 per dollar.The central bank will release forecasts tonight for its current account balance on May 1.

The yen rebounded sharply from its weakest level against the dollar in 34 years on Monday amid speculation Japan intervened to support its currency for the first time since 2022. The currency rallied more than 2% on Monday after earlier plunging to 160.17 per dollar. It’s trading at 156.78 per dollar at 2:10 p.m. in Tokyo.

OTTAWA — India has summoned Canada's envoy in New Delhi following a large Sikh rally in Toronto attended by all three major federal party leaders. Prime Minister Justin Trudeau joined Conservative Leader Pierre Poilievre and NDP Leader Jagmeet Singh at the Khalsa Day rally in Toronto on Sunday. The rally commemorates the Sikh faith, and some participants chanted and carried banners emblazoned with slogans calling for a state separate from India, known as Khalistan.

Formula 1: Miami Grand Prix sends cease and desist letter to prevent Donald Trump fundraiser during race

 

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