Japan Signals Possible Intervention as Yen Hits 38-Year Low Japanese authorities, concerned about the yen’s sharp decline to a 38-year low against the dollar, have signaled their readiness to intervene in the currency market. Finance Minister Shunichi Suzuki emphasized the need for stable exchange rates and expressed worries about the economic impact of rapid, one-sided moves. Chief Cabinet Secretary Yoshimasa Hayashi also indicated that Tokyo would take appropriate action against excessive currency fluctuations. The yen was trading at 160.52 per dollar on Thursday, close to its recent low of 160.88. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts De-Dollarization: BRICS Shifts $260 Billion Trade Away from Dollar READ MORE Market Awaits Inflation Data as Gold Prices Rise READ MORE Gundlach's Investment Strategy: Cash and Gold in a Volatile Market READ MORE Jerome Powell Expects Prolonged Rate Hold as Inflation Eases Slowly READ MORE $7.7 Billion in Student Debt Canceled for 160,500 Borrowers Under New Biden Plan READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment