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Yen soars after Japan intervenes in forex market for first time since 1998

Business Standard LogoBusiness Standard2 mo ago

Yen soars after Japan intervenes in forex market for first time since 1998 - Business Standard

Quick Summary:

Not that Japan has to step in everyday, but the market has to be afraid of intervention," he added.

The dollar and euro both climbed roughly 1.2% against the franc, with the greenback last at 0.9783 francs and the euro at 0.9619 francs.

The dollar index, which measures the greenback's value against a basket of six major currencies, slipped 0.1% to 111.32, sliding from a 20-year high of 111.81 hit early in the day following the conclusion of the Fed's policy meeting on Wednesday.


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Article Details

Author / Journalist: Reuters

Category: EconomyFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23 @ 06:34:00 (2 months ago)

News Timezone: GMT +5:00

Ranking: #2233 (out of 3039 stories this day)

News Source URL: business-standard.com

Language: English

Article Length: 969 words

Reading Time: 6 minutes read

Sentences: 30 lines

Sentence Length: 33 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 482071

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About Business Standard

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Main Topics: EconomyFinance

Official Website: business-standard.com

Update Frequency: 148 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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