Following the recent decision by the Bank of Japan to raise interest rates, the national currency in Japan has faced significant downward pressure. According to Odaily, expert Giuseppe Dellamotta from Investinglive believes that Tokyo authorities have carried out targeted intervention in the foreign exchange market. The analyst points to the psychological level of USD/JPY around 159.00 as evidence of coordinated action.
The recent increase in rhetorical statements from government officials, in the opinion of experts, is not accidental. This approach demonstrates the Japanese authorities' intention to protect the national currency from further devaluation. Verbal signals from government representatives have contributed to reducing speculative pressure on the yen and helped stabilize its position in the currency market. Such currency management practices in Japan have traditionally been an effective monetary policy tool, allowing authorities to influence exchange rate fluctuations without direct intervention in trading.
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Following the recent decision by the Bank of Japan to raise interest rates, the national currency in Japan has faced significant downward pressure. According to Odaily, expert Giuseppe Dellamotta from Investinglive believes that Tokyo authorities have carried out targeted intervention in the foreign exchange market. The analyst points to the psychological level of USD/JPY around 159.00 as evidence of coordinated action.
The recent increase in rhetorical statements from government officials, in the opinion of experts, is not accidental. This approach demonstrates the Japanese authorities' intention to protect the national currency from further devaluation. Verbal signals from government representatives have contributed to reducing speculative pressure on the yen and helped stabilize its position in the currency market. Such currency management practices in Japan have traditionally been an effective monetary policy tool, allowing authorities to influence exchange rate fluctuations without direct intervention in trading.