Japan's Finance Minister signals readiness to intervene as the yen nears 162 per dollar after a record $73B intervention, raising crypto carry trade

TOKYO, June 30 : Japanese Finance Minister Satsuki Katayama reiterated on Tuesday that authorities stood ready to respond to currency moves, keeping the rhetoric unchanged despite…

TOKYO, June 30 : Japanese Finance Minister Satsuki Katayama said on Tuesday authorities stood ready to respond appropriately against currency moves at any time, in the wake of the…

The yen sank past 161.96 per dollar for the first time since 1986 in London trade on Monday.

The Japanese yen hit a 40-year low against the dollar, sparking intervention fears. Despite past efforts, the yen continues to weaken due to a significant interest rate gap.…