Reported 11 months ago
On June 28, the next major concern for the Japanese Yen to US Dollar exchange rate will be revealed, with fears of triggering Japanese government intervention if a significant depreciation occurs. The exchange rate has been perilously close to 160 Yen to 1 US Dollar, prompting pressure for government intervention. The Japanese government had previously intervened between April and May as the Yen depreciated by 12% this year. The upcoming US inflation data release will be crucial, with analysts speculating on potential interventions as the Yen continues to weaken.
Source: YAHOO