Reported 9 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