Continued Yen Depreciation, Steady Pace Makes Intervention Timing Difficult to Gauge
This week has seen a continued depreciation of the yen. USD/JPY has risen to around 161.90, marking new 37.5-year highs. However, the price movements have been relatively small, and the intraday volatility has not been drastic. Today, cross-yen pairs are also showing strong performance. EUR/JPY is moving towards 174 from the high 173 range. GBP/JPY […]
Amidst the strengthening trend of yen depreciation, the USD exchange rates are in a state of confusion. Today, the US Producer Price Index (PPI) will be released.
This week has witnessed a prevailing trend of yen depreciation. Various risk factors have emerged, including weak Chinese trade statistics, debt issues with major Chinese real estate companies, Italy’s banking taxation, and geopolitical tensions causing a rise in oil prices. In this context, the USD/JPY exchange rate has been steadily climbing, and cross-yen pairs are […]