Japanese Yen Strengthens Amid Verbal Intervention – Will USD Fall Next?
Tokyo, Japan – The Japanese Yen remained stable on Monday, with speculations pointing towards verbal interventions from Japanese authorities to maintain its position. Masato Kanda, Japan’s top currency diplomat, expressed readiness to intervene around the clock if needed to address excessive movements in the foreign exchange market, emphasizing the potential negative economic implications of such fluctuations. On the other hand, the US Dollar saw an increase as Federal Reserve officials continued to postpone the anticipated …