Yen Rises as Japan Ramps Up Intervention Warning
November 1, 2023
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1:30Now PlayingYen Rises as Japan Ramps Up Intervention Warning
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as posted by the channelThe yen is trading higher against all Group-of-10 peers after Japan’s Ministry of Finance stepped up its verbal intervention to prop up the currency. The yen posted its biggest one-day drop since April on Tuesday after the Bank of Japan’s underwhelming tweak to its cap on bond yields suggested any move away from ultra-loose policy would be slow and gradual. David Finnerty reports on Bloomberg Television.
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