Jin10 data, October 10 news, former Bank of Japan official Atsushi Takeuchi, who participated in past forex interventions, stated that if the yen sharply falls towards 160, Japan may intervene, warning that excessive depreciation could force Tokyo to act. Takeuchi mentioned that so far, the yen's depreciation is still within a controllable range, but if the market begins to discuss the risk of the yen possibly falling further to 160 or even 170, alarm bells will start ringing. He stated, “If the yen depreciates to that extent, authorities may also have to intervene.” He added that although interventions may not change the overall trend, they can temporarily curb excessive fluctuations.
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Former Japanese Central Bank official: The rapid fall of the yen approaching 160 may trigger intervention.
Jin10 data, October 10 news, former Bank of Japan official Atsushi Takeuchi, who participated in past forex interventions, stated that if the yen sharply falls towards 160, Japan may intervene, warning that excessive depreciation could force Tokyo to act. Takeuchi mentioned that so far, the yen's depreciation is still within a controllable range, but if the market begins to discuss the risk of the yen possibly falling further to 160 or even 170, alarm bells will start ringing. He stated, “If the yen depreciates to that extent, authorities may also have to intervene.” He added that although interventions may not change the overall trend, they can temporarily curb excessive fluctuations.