Updated

Updated · Bloomberg · Jun 22

Yen Swings Past 161 per Dollar as Katayama-Bessent Talks Spur 70-Sen Rebound

Updated

Updated · Bloomberg · Jun 22

Yen Swings Past 161 per Dollar as Katayama-Bessent Talks Spur 70-Sen Rebound

2 articles · Updated · Bloomberg · Jun 22

The yen slid to 161.93 per dollar in New York trading, then rebounded more than 70 sen to 161.08 after reports that Finance Minister Satsuki Katayama held an online meeting with US Treasury Secretary Bessent.
That move came after Katayama repeated a warning on yen weakness, saying Japan would respond appropriately at any time if needed while declining to comment directly on current market moves.
The earlier drop brought the currency within 2 sen of July 2024's 161.95 low; a break beyond that level would mark the yen's weakest point since December 1986, nearly 40 years ago.

Sources

Left100%

Bloomberg3h ago

Yen Fluctuates Sharply; Finance Minister Katayama Meets US Treasury Secretary Bessent Online

富途牛牛3h ago

Frantically selling foreign securities to prop up the yen! Japanese authorities' dual approach of intervention and interest rate hikes has yielded little effect, prompting market vigilance over a potential new round of '

After billions in failed interventions, is Japan's fight to save the yen already lost?

Must Japan's central bank crash its economy to save its currency?

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Sources

2 total

Left100%

Bloomberg3h ago

Yen Fluctuates Sharply; Finance Minister Katayama Meets US Treasury Secretary Bessent Online

富途牛牛3h ago

Frantically selling foreign securities to prop up the yen! Japanese authorities' dual approach of intervention and interest rate hikes has yielded little effect, prompting market vigilance over a potential new round of '

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