Shafaqna English- In April, Japanese authorities carried out their largest-ever single-day yen-purchasing intervention in the foreign exchange market, offloading $40 billion from the nation’s currency reserves. This move marked a return to large-scale yen-buying operations aimed at halting the currency’s prolonged decline.
With the yen again slipping past the 158-per-dollar mark, market participants are bracing for the possibility of another round of official intervention. The currency remains under intense strain, and investors are closely monitoring the upcoming U.S. jobs report, which is expected to provide critical clues about the Federal Reserve’s monetary policy direction and could affect the yen’s near-term trajectory.
Source: Reuters