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JPY Hits 1-Mth High as Traders Gauge Odds of Further JP Govt Intervention
2026-09-03 18:15:14 JPY strengthened radically on Thursday, climbing to a one-month high against USD, as traders gauged the possibility of further government intervention in the FX market, while expectations for additional interest rate hikes by the Bank of Japan mounted. JPY at one point grew more than 1% against USD to as high as 156.34, the strongest level since August 3, shortly after Japan and the US jointly intervened on July 31 to support the weak JPY, according to LSEG data. As of 4:20 a.m. Eastern Time, JPY was traded at 157.1 per USD. JPY also strengthened against EUR and GBP. Atsushi Mimura, Japan's Vice Minister of Finance for International Affairs, said on Thursday that authorities were neither satisfied nor reassured by recent FX market movements and were maintaining a high level of vigilance. ~ AASTOCKS Financial News Website: www.aastocks.com | |