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Japan’s yen jumps 3% as speculation over intervention swirls
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NEWSDECK ANALYSIS
The yen's recent decline has been a concern for Japanese policymakers, as a weak currency can make imports more expensive and potentially drive up inflation. Japan has a history of intervening in currency markets to influence the yen's value, with the government and central bank sometimes acting to weaken or strengthen the currency. The country's authorities have not intervened in the currency market since 2011, making any potential action closely watched by investors and economists.
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FT UK
Japan’s yen jumps 3% as speculation over intervention swirls
Currency on track for one of its biggest moves in recent years amid growing calls for action to arrest slide
30 Jul, 15:07
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