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Old 28-06-2024, 01:00 PM
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Thumbs up Nippon Soapland for u, Boss? JPY fall thru 161 level liao

An honorable member of the Coffee Shop Has Just Posted the Following:

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Yen Falls Through 161 Per US Dollar as Intervention Wagers Increase​



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Is Japan's Currency Intervention Effective?
By Masaki Kondo
June 28, 2024 at 10:07 AM GMT+8
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The yen weakened through 161 per US dollar for the first time since 1986 amid broad strength in the greenback, raising the specter of Japan intervening in the market.

The Asian nation’s currency depreciated as much as 0.3% to 161.27 per dollar in Tokyo trading...

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