Japan spent a record $73.6 billion defending the yen, but USD/JPY keeps testing 160. A likely BOJ rate hike on June 16 raises intervention risks.

TOKYO, May 29 : As Japan's yen drifts back to levels that prompted official intervention a month ago, markets are sizing up Tokyo's remaining financial firepower and political…

TOKYO, May 29 — As Japan’s yen drifts back to levels that prompted official intervention a month ago, markets are sizing up Tokyo’s remaining financial firepower and...

TOKYO, May 29 : Japanese authorities spent 11.7 trillion yen ($73.5 billion) intervening in foreign exchange markets over the past month to support the yen, but with only limited…

Japan spent a record $73.6 billion defending the yen, but USD/JPY keeps testing 160. A likely BOJ rate hike on June 16 raises intervention risks.

Japan refrains from escalating yen warnings as the currency nears 160 per dollar, signaling a strategic shift with implications for crypto and risk assets.