SKN | Is the Yen’s Slide Past 160 Signaling Imminent Intervention from Tokyo?
Bonds & Foreign Exchange The sharp depreciation of the Japanese yen beyond the psychologically critical 160-per-dollar level is once again testing policymakers’ tolerance for currency weakness. As the divergence between U.S. and Japanese monetary policy widens, pressure on the yen is intensifying, raising the likelihood of direct intervention by authorities in Japan. The move comes amid heightened geopolitical tensions […]