TOKYO - Japanese authorities will likely intervene in the currency market if the yen breaks out of a range it has been in for years and falls well below 152 per dollar, former top currency diplomat Tatsuo Yamazaki said on Thursday.
"If authorities leave such dollar/yen rises unattended, they would put their credibility at stake," he said. Tokyo likely wouldn't face much heat for intervening in the market to prop up the yen as doing so would not put the country's exports at a competitive advantage against that of other countries, he said.
Markets remain on alert for the chance of intervention by Tokyo as the dollar hovers near the 34-year high of 151.975 hit on Wednesday of last week.
ہم نے اس خبر کا خلاصہ کیا ہے تاکہ آپ اسے جلدی سے پڑھ سکیں۔ اگر آپ خبر میں دلچسپی رکھتے ہیں تو آپ مکمل متن یہاں پڑھ سکتے ہیں۔ مزید پڑھ:
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
Japan shares scale record high, yen rebounds as Fed out-doves BOJThe BOJ sees room for another hike this year, with market viewing July or October as potential dates
ذریعہ: DunyaNews - 🏆 1. / 83 مزید پڑھ »
Multan Sultans vs Islamabad United | Preview, prediction and likely playing XIsThe final match of the ninth season of the PSL is scheduled for Monday, with Multan Sultans facing off against Islamabad United
ذریعہ: BOLNETWORK - 🏆 9. / 63 مزید پڑھ »
South Korea-flagged tanker capsizes off Japan coast, eight people dead in tragedyA South Korean-flagged tanker overturned off the west coast of Japan, resulting in the deaths of eight sailors. Japan's coast guard
ذریعہ: BOLNETWORK - 🏆 9. / 63 مزید پڑھ »
Japan hiked interest rates. Why is the yen falling?A weaker yen is a boon for exporters' profits but can squeeze households by increasing import costs
ذریعہ: DunyaNews - 🏆 1. / 83 مزید پڑھ »
Japan approves plan to sell fighter jets to other nationsJapan approves plan to sell fighter jets to other nations
ذریعہ: DunyaNews - 🏆 1. / 83 مزید پڑھ »
China gloom sucks life out of Asia's rate cut cheerTraders were left on high alert in Asia with a yen creeping back toward multi-decade lows
ذریعہ: DunyaNews - 🏆 1. / 83 مزید پڑھ »