Currencies: Sudden, Sharp Drop For Dollar Rallies Japanese Yen

Tokyo-based currency dealers and analysts said stop-loss selling orders kicked in, giving the dollar’s move down an extra push.

Topics:  dollar   
BING NEWS:
  • Yen weakens, paring sharp rise after suspected intervention
    The yen slid against the dollar on Thursday, reversing direction after a sudden surge overnight that traders and analysts were quick to attribute to intervention by Japanese authorities.The yen was 0.
    05/1/2024 - 4:27 pm | View Link
  • Value of Japanese yen jumps against dollar, investors suspect intervention
    Traders and investors suggested yen-buying intervention by Japanese authorities as the explanation for why the dollar fell sharply to 156.55 yen from as high as 160.245.
    04/30/2024 - 4:39 am | View Link
  • Five charts on the Japanese yen's decades-long drop
    Japan's yen saw a sudden jump on Monday, suggesting the country's authorities may have finally followed through on the FX market intervention warnings they have be making for months.
    04/29/2024 - 12:23 pm | View Link
  • Japan's yen surges against dollar on suspected intervention
    Japan's currency surged as much as 5 yen against the dollar on Monday, with traders citing heavy dollar-selling intervention by Japanese banks for the first time in 18 months after the yen hit fresh ...
    04/28/2024 - 9:29 pm | View Link
  • Yen Surge Sparks Intervention Talk After Drop to 160 per Dollar
    The sudden rebound in the yen sparked speculation Japanese officials had intervened after the currency earlier slid past the closely-watched 160-per-dollar level.
    04/28/2024 - 7:51 pm | View Link
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