The yen rose 450 points, and the Japanese authorities appeared to intervene in the currency market
2024-05-01 20:57:47
On May 2nd, in late trading in New York, the market speculated that the Japanese authorities may intervene to support the yen. The dollar fell as low as 3% against the yen USD/JPY, and fell 450 points after 4:10 am Beijing time, falling below the 153 mark. "Looking at the price action, it appears that there has been an intervention," said Yusuke Miyairi, a foreign exchange strategist at Nomura. Previously, some extreme movements in the yen have been attributed to algorithmic trading, and official data due on the last day of May will indicate whether Japan will buy or sell yen this week. < br > < img src = "https://flash-scdn.jin10.com/1b98a7f1-8f71-4591-aaae-ab820a6f3537.png" referrerpolicy = "no-referrer" >
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