Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

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.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)