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Race to rein in strong dollar is on after Japan intervenes

The Edge Markets LogoThe Edge Markets2 mo ago

Race to rein in strong dollar is on after Japan intervenes - The Edge Markets

Quick Summary:

The G7 group of rich countries, which includes the United States and Japan, has a longstanding agreement that markets decide currency rates.

Japan's Finance Minister Shunichi Suzuki said Japan had good communication with the United States, but declined to say whether Washington had consented to Tokyo's first intervention to support then yen since 1998.

Lancioni, who holds a long dollar position, added some in Europe want a stronger currency, which means this BOJ move is not unwelcome.


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Article Details

Category: InvestingFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-22 @ 17:46:47 (2 months ago)

News Timezone: GMT +8:00

Ranking: #621 (out of 3203 stories this day)

News Source URL: theedgemarkets.com

Language: English

Article Length: 666 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Edge Markets

News ID: 475542

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About The Edge Markets

The Edge Markets Logo

Main Topics: InvestingFinance

Official Website: theedgemarkets.com

Update Frequency: 99 posts per day

Year Established: 1994

Headquarters: Malaysia

News Last Updated: 8 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #17

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The story "Race to rein in strong dollar is on after Japan intervenes" was covered 2 months ago by The Edge Markets, a news publisher based in Malaysia.

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It's most recent story was published 8 hours ago.

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  • URL: https://beamstart.com/news/race-to-rein-in-strong-16638708713339

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