The Japan Times
AsiaPac · 52 mins ago
✦ 78◉ Centre
Yen defies record intervention as wait for BOJ hike raises risks
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AI Analysis
Quality 78/100
Partisan intensity 25/100
ObjectivePartisan
◉ Centre ✓ Fair headline
The Japanese yen weakened significantly in May despite record government currency intervention spending, raising concerns it could fall to 160 per dollar before mid-June amid expectations for Bank of Japan interest rate decisions.
Yen defies record intervention as wait for BOJ hike raises risks
The currency underperformed all its Group-of-10 peers in May despite record spending by Japan, putting it in danger of weakening to 160 against the dollar before June 16.
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