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Yen Intervention Risks Force Tokyo Traders to Scrap Holidays

Yen Intervention Risks Force Tokyo Traders to Scrap Holidays
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Yen's wild swings are just a taste of what's to come

The plunge to 160 per dollar immediately filled news reports and social media across Japan. “We cant let our guard down,” Iguchi called repeatedly as trading ensued. Other so-called red-line levels — 155 and 158 — had fallen with no pushback. Some were starting to ask if the authorities would ever act. ....

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JPY/USD: Japanese Yen's Slide and Dramatic Rebound Are Just the Start

JPY/USD: Japanese Yen's Slide and Dramatic Rebound Are Just the Start
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