Tag: japan’s yen,
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Japan’s yen surges after US jobs data, traders wary of intervention risk
LONDON, Aug 7 : The yen jumped suddenly against the dollar again on Friday after a surprisingly weak U.S. employment report, with traders alert to the prospect of intervention just a few days after Japanese and U.S. authorities jointly stepped into the foreign exchange markets to lift the stubbornly weak Japanese cu
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US Treasury informed banks that it may intervene in Japan’s yen, source says
July 31 : The U.S. Treasury has informed a number of banks that it may intervene in the Japanese yen market on Friday and that they should “stand ready for future action,” a source familiar with the matter told Reuters.The notice to banks, channeled through the Federal Reserve Bank of New York, comes a day…
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