Japan’s finance minister said on Tuesday that authorities won’t rule out any options in dealing with excessive currency volatility, underlining a warning that has kept traders on alert for intervention to prop up the weak yen.
That verbal warning prompted a mini rally in the yen, highlighting how sensitive markets are to potential intervention. “We share the view with the U.S. and other authorities that excessive volatility is undesirable,” Suzuki said. Analysts doubt Japan can win U.S. understanding to intervene by selling the dollar in favor of the yen because that could aggravate stubbornly high inflation in the U.S..
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan Finance Minister warns markets as yen nears intervention danger zoneBy Tetsushi Kajimoto TOKYO (Reuters) -Japan's finance minister said on Tuesday that authorities won't rule out any options in dealing with excessive ...
Source: SaltWire Network - 🏆 45. / 63 Read more »
Amidst a 'tricky time for fiscal policy,' experts say lack of GDP growth a concern for new Finance deputy ministerFormer finance minister John Manley says 'Finance has its own unique culture' and that it's helpful for incoming DM Chris Forbes to have some experience in the department.
Source: TheHillTimes - 🏆 11. / 79 Read more »
Australia to help finance Tonga port as climate worsens Pacific infrastructure gapBy Kirsty Needham SYDNEY (Reuters) - Australia said it will grant A$31 million ($20 million) to Tonga to complete a vital port upgrade, boosting funds ...
Source: SaltWire Network - 🏆 45. / 63 Read more »
Curve Finance whales spark volume surge, bullish momentumCurve Finance's CRV token surged as crypto whales made waves, driving a $132 million volume spike. Bullish momentum reigns amidst a funding rate rollercoaster.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Highlighting champions of change key to unlocking the true potential of social financeBy empowering local initiatives and grassroots efforts, we tap into the collective wisdom and resources of communities, catalyzing change from the ground up.
Source: TheHillTimes - 🏆 11. / 79 Read more »
Finance Canada's new rules could threaten energy affordability: Electricity Canada and CGAThe Hill Times
Source: TheHillTimes - 🏆 11. / 79 Read more »