Japan's Finance Minister Katayama warns of bold forex intervention as the yen nears a 40-year low, after authorities spent a record $73 billion defending

The Bank of Japan raised its benchmark rate to 1%, a 31-year high, as the yen weakens to 160 per dollar. Japan also approved its first yen stablecoin, JPYC.

The Japanese yen hit 160 per dollar, its weakest since July 2024. Here's why yen carry trade risks could trigger volatility in Bitcoin and crypto markets.

Japanese currency near two-year low as rate gap pressures mount

Yen had wiped out gains made after Tokyo’s record intervention on April 30. Read more at straitstimes.com. Read more at straitstimes.com.

TOKYO, June 19 : The yen traded precariously near the weakest level in nearly four decades on Friday, putting investors on guard for potential intervention from Japan to defend…

The yen remains near four-decade lows despite intervention and a Bank of Japan rate hike, as investor confidence is undermined by government spending plans. Analysts predict…

Japan was willing to step in to defend the yen around the 160 level before, and it's at that point again.

Tokyo, June 19 (Jiji Press)--Japanese Finance Minister Satsuki Katayama on Friday warned against speculative movements in the foreign exchange market, signaling authorities'…

On Thursday the yen saw a sharp depreciation a high of 161.80, its weakest since July 2024.

The yen was pinned near four-decade lows on Friday, with markets on heightened intervention watch as neither a US-Iran peace deal nor a rate hike in Japan managed to arrest its…

Japan's Finance Minister Katayama warns of bold forex intervention as the yen nears a 40-year low, after authorities spent a record $73 billion defending

The Japanese yen fell past 161 against the U.S

The US dollar is flexing its muscles against the Japanese yen, much to the attention of market traders. The potential for a US-Iran peace agreement looms large as Japan's currency…

The dollar continues to exhibit resilience against key global currencies, largely fueled by the ongoing unpredictability of a potential U.S.-Iran peace agreement. Meanwhile, the…