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Japan ready to intervene if yen moves are too volatile

May 09, 2016 3:01 AM ETEWJ, JEQ, JOF, DFJ, DXJ, JSC, JPP, EWV, SCJ, EZJ, DBJP, FJP, JPNL, DXJS, HEWJ, DXJF, DXJR, DXJC, DXJH, DXJT, JPMV, QJPN, JHDG, JDG, HEGJ, HGJP, JPN, HFXJ, JPNH, HJPX, JPXN, FXJPBy: Yoel Minkoff, SA News Editor2 Comments
  • "For Japan, excessive volatility in yen moves that affect Japan's trade, economic and fiscal policies - be it yen rises or yen falls - is undesirable. If such moves occur, Japan is ready to intervene in the market," Japanese Finance Minister Taro Aso told parliament.
  • The dollar hit an 18-month low of 105.55 yen last week after the U.S. added Japan to a list of countries it was monitoring over foreign exchange policies.
  • The yen, which currently trades at 107.58 per dollar, has so far appreciated 12% in 2016.
  • ETFs: DXJ, EWJ, DBJP, DFJ, JOF, JPNL, DXJS, EZJ, JEQ, EWV, HEWJ, SCJ, JPXN, JSC, JPP, DXJH, QJPN, JHDG, JPMV, DXJF, FJP, DXJR, DXJT, JPN, HGJP, DXJC, JDG, HJPX, HFXJ, HEGJ, FXJP, JPNH

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