9,097.15 TL BIST 100 BIST 100
4.37 CNY CNY CNY
31.30 $ USD USD
€33.84 EUR EUR
0.13 CNY CNY/EUR CNY/EUR
45.26 TL Interest Interest
83.55 $ Fossil Oil Fossil Oil
23.12 $ Silver Silver
3.85 $ Copper Copper
113.89 $ Iron Ore Iron Ore
392.00 $ Ship Dismantling Ship Dismantling
2,100.60 TL Gold (gr) Gold (gr)

Japan continues to struggle with dollar for 'yen'

The Japanese government stated that the latest intervention in the yen was "a warning to speculators" and that it was ready to "resolute" again against possible unstable yen movements.

Japan continues to struggle with dollar for 'yen'

The depreciation of the Japanese yen in foreign markets worries the government and Japanese financial authorities. The Japanese yen continues its biggest depreciation in 24 years against the US dollar.

After the government's "buying yen, selling dollar" intervention at the end of last month, Japanese yen, which briefly balanced the depreciation against the US dollar, approached the "psychological 1 USD : 145 yen" level at the beginning of the week.

Finance Minister Suzuki Shuniçi said, "There were speculators behind the sudden and one-way movements. We made the last intervention and we declare that we will act decisively if necessary." used the phrase.

Reiterating that currency movements should be stable, Suzuki added that the Japanese government is monitoring market developments with "a high sense of caution".

On September 22, Japan spent 2.84 trillion yen ($19 billion) in its first-record "buy yen, sell dollar" intervention since 1998. This move caused the US dollar to temporarily drop by 5 yen.

The weak Japanese yen is considered a "double-edged sword". While Japanese exporters increase their overseas profits, on the other hand, energy and raw material import input costs increase.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Minister Hisarcıklıoğlu" We are the country which exports to the most countries in the world"

Wednesday, February 28, 2024

Economic confidence decreased by 0.4% in February

Wednesday, February 28, 2024

Latest situation on VAT withholding: Concerns persist

Wednesday, February 28, 2024

TÜİK announced the employment index for 2023

Thursday, February 22, 2024

The active sector is waiting for a solution to the deferred VAT problem

Thursday, February 22, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now