Japan said to have intervened in FX, Nikkei reports; a government official confirmed the intervention to Nikkei

Japan's intervention in the foreign exchange market to support the yen suggests a proactive stance to curb excessive yen depreciation.

Newsquawk StaffPublished On the live feed at 10 more headlines followed before this page went public
Newsquawk headlinesUTC

ECB President Lagarde (Q&A) says tightening of financial conditions seen recently is doing some of the work; notes they are not seeing any second-round effects

ECB President Lagarde (Q&A) says even if the conflict ended tomorrow, the impact on energy would still linger

Japan said to have intervened in FX, Nikkei reports; a government official confirmed the intervention to Nikkei

Steve Cohen relinquishes President Title at his Point72 hedge fund, Bloomberg reports

Some US House GOP hardliners are privately encouraging Senate Republican hardliners to block the Senate’s 45-day FISA extension, according to Politico citing sources

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Free. No signup, no card.
  • "The government and the Bank of Japan intervened again, buying yen, causing the yen to surge against the dollar to the 155 yen level."
Context

This coordinated action between the government and the Bank of Japan is likely to influence currency flows significantly, potentially leading to increased volatility in USD/JPY trading, as it indicates a commitment to stabilizing the currency amid broader market pressures.

Related headlines

The whole workspace, free to try.

Try it free