Japanese government and central bank intend to join forces to intervene in the yen

The US dollar against the US dollar in the New York foreign exchange market once broke through the 1 US dollar against the 75 yen mark on the 19th, hitting a record high, prompting the Japanese government and the central bank to seek joint intervention in the foreign exchange market.

On the morning of the 19th, US Eastern Time, the yen against the US dollar rose to 1 US dollar against 75.95 yen, refreshing the record of 1 US dollar against 76.25 yen five months ago, setting a new high in the 66 years since the end of the Second World War.

Nakao Takehiko, the international affairs officer of the Ministry of Finance of Japan, was interviewed by Dow Jones Newswires in the capital city of Tokyo late at night, saying that the Japanese government would take appropriate interventions when necessary. This statement made investors wary of warming up and once pushed down the yen's uptrend, but the yen still stayed at a high of around 16.5 against the Japanese yen at the end of the day.

The Nihon Keizai Shimbun reported on the 20th that the Japanese government and the Bank of Japan began to discuss interventions, including selling the yen and buying dollars in the foreign exchange market.

A senior financial city official who did not want to be named told the "Yomiuri Shimbun" reporter on the evening of the 19th. If he noticed that it would further push up the yen's speculation, even in overseas markets, Japan is ready to intervene.

On the 4th of this month, the Japanese government implemented the largest unilateral market intervention to date. The Bank of Japan announced that it will expand its existing loose monetary policy. The yen once fell back to the range of US$79 to 80 yen, but the effect was not Sustainable  

Diamond-tech Engineered Flooring

Gray Floors,Dark Grey Wood Floors,Gray Hardwood Floors,Light Grey Wood Floor

Jiangsu Sunyo Flooring Co., Ltd , https://www.woodmapflooring.com