| Forex News Center | | | JPY News Archive |
JPY Daily News
JPY Plummeting; Will There Be Further Intervention from BOJ?
Friday, 17 Sep 2010
The Japanese yen remains under the pressure of Wednesday's intervention by the Bank of Japan (BOJ). The JPY fell to a 5-week low against the US dollar, hitting just below 86.00 after appreciating 71 pips. Against the euro, the JPY has seen a much sharper drop, falling 181 pips to a recent low of 112.35; the GBP/JPY, likewise, has climbed modestly, with a current price just over 134.10.
Despite the absence of further intervention by the BOJ, many speculate that the yen-selling by the central bank may not have yet come to an end. Analysts have recommended keeping an eye on JPY pairs for the second sell-wave, which many claim could happen as early as next week.
Add events to google calendar
Mark all
Unmark all
Print
