Reported 8 months ago
The yen experienced its longest losing streak since March, raising worries of potential intervention by Japanese officials to support the currency. Trading around 158.90 per dollar, the yen weakened for a sixth consecutive session, the worst performance in three months. The divergence in yields between Japan and major peers like the US, along with the lack of clarity on the timeline for policy normalization from the Bank of Japan, are contributing factors. Despite being added to the US Treasury's foreign-exchange monitoring list, Japan's intervention strategy may depend on the dollar-yen pair hitting at least 163.
Source: YAHOO