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Yen falls to lower 155 zone against dollar after suspected intervention

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The only way to stop the slide is to increase interest rates, which the BOJ knows will sound the final death knell for the economy.

9 ( +15 / -6 )

Article completely leaving out that the BOJ intervened again.

18 ( +20 / -2 )

More than one way to support the Yen, as the BoJ demonstrated this week. I'm not advocating this, just a commentary. On the other hand, tax changes to encourage repatriation of o/s profits will do wonders for the Yen.

I am getting ready to deleverage my retirement holdings should the BoJ decide to raise IR, because I think it would be 'ugly'.

Companies intending to invest in capex are going to pull back, investors aren't going to risk-on, and consumers are going to spend less. Very ugly.

10 ( +11 / -1 )

Japan owns foreign securities and dollar dividends flow into the country like lava flowing from Mt. Vesuvius. There is no problem to throw some quarters the US direction.

-8 ( +2 / -10 )

Just another dead-cat bounce. The ship is sinking like the Titanic.

-1 ( +12 / -13 )

The weak yen is good for japan in terms of overseas sales. Companies just need to raise their prices to begin to reap the overseas benefits. Sadly things move to slowly here.

-17 ( +1 / -18 )

None of this is creating a future in which I won't have to work until I'm at least 70.

11 ( +18 / -7 )

I don't mind as long as the yen depreciates gradually.

For now, please stop the Bank of Japan's foreign exchange intervention.

I don't mind a weak yen for the time being. no problem.

-12 ( +2 / -14 )

The Fed certainly is cooperating. Kishida & Co are saying and doing all the right things for Team USA.

-4 ( +5 / -9 )

This article sounds like YEN dropping to 155 is a great success.

However it didn't state that YEN depreciated almost 50% from 100 per USD level.

Depreciation can't be stopped, do YEN will devaluate more. Prices of products in supermarkets will increase.

I would take that chance and convert your YEN to more stable currency like USD.

Next stop 175 and then 200.

It's inevitable.

-9 ( +8 / -17 )

Lol. Intervention "suspected".

Enormous engulfing red candle is blatant intervention. I just hope it works, because the FOMC news was not good for the yen.

6 ( +7 / -1 )

So I'm guessing the US will put Japan back on the currency manipulators list again?

8 ( +9 / -1 )

So why are these 'interventions' kept secret?

8 ( +11 / -3 )

Because currencies' value from an economic perspective depend on a nation's workers' productivity and the governments' fiscal policies. To be diplomatic Japan is challenged in both of these areas.

4 ( +6 / -2 )

So I'm guessing the US will put Japan back on the currency manipulators list again?

oh they only do that when the yen gets weaker, when Japan purposely intervenes in the currency markets to make the yen stronger, all is fine LOL

-1 ( +3 / -4 )

So why are these 'interventions' kept secret?

because they want market speculators to keep guessing, hoping theyll stop selling off the yen

4 ( +7 / -3 )

So why are these 'interventions' kept secret?

Are they kept secret? Sure the ministry doesn't shout from the roof top, but you can work out who intervened, it's an open market after all.

https://asia.nikkei.com/Business/Markets/Currencies/BOJ-data-points-to-possible-yen-buying-intervention

The BoJ meetings are made public, all its records are made public. If anything, a lot more open than say a market share buyback of a typical corporation.

7 ( +9 / -2 )

The two times when the yen was strong were during Lehman crisis and Covid lockdown.

So there are only two options really:

Work with low pay or be jobless.

2 ( +6 / -4 )

What is wrong to work till you are seventy or more when you like your job ? And if you don’t you are throwing away 1/3 rd of your lifedoing things you hate. Never understood why people think happiness starts with retirement. Rather the onset of a slow death.

And why does the BOJ not announce market interventions ? It would deplete the reason if they did it before and cause a knee jerk reaction to the yen if yhey did it after. In any case, it’s useless and will see an averse effect as the market perceives it as weakness

-7 ( +2 / -9 )

@wtfjapan: Actually, the BOJ have intervened to weaken the yen also previously.

1 ( +1 / -0 )

It needs to ¥120 to the dollar.

0 ( +2 / -2 )

danToday  07:41 pm JST

It needs to ¥120 to the dollar.

please explain the rational for this number. Why not 105 yen 110 yen or 140 yen. Cause that’s gonna hurt our exporters?

0 ( +0 / -0 )

The BOJ had to intervene not once but twice!

The effects of these interventions don’t last long and that was apparent this time.

Contrary to my own commonsense I will exchange dollars invest in real estate when the the US dollar reaches 180 yen to the dollar which it surely will.

-6 ( +1 / -7 )

Chabbawanga: "Enormous engulfing red candle is blatant intervention. I just hope it works, because the FOMC news was not good for the yen."

It DID work! Didn't you see the "dramatic reversal" earlier this week when they did the first time and before it went back up again about five minutes later, so they had to do it again today? And when it's back up to 158 by mid-next week (only because tomorrow is a holiday here) they can do it again. As it slides down to ¥200 / 1USD they can do it more, too. Won't do anything for more than a minute, though.

-6 ( +1 / -7 )

It's all fake, The Yen is not sustainable against the US dollar.

-3 ( +1 / -4 )

Government intervention will make the yen weaker. Expect 170 now. I thought 160 was going to be the stable average but anytime governments get involved it’s always bites them. How much money tax payers are paying now to prop the yen artificially higher. Expect even another recession.

-2 ( +0 / -2 )

Before Australia floated our currency in the 1980's one Aussie dollar fetched over 300 yen.

And one little Aussie dollar got $1.35 US. back then.

Sometimes you're hot, sometimes you're not.

Rumours of Japan's demise are largely mistaken.

1 ( +1 / -0 )

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