Wall Street Journal (June 18)
2026/ 06/ 20 by jd in Global News
The Japanese yen “has now passed the closely watched 160-per-dollar level at which officials have previously intervened.” There are, however, reasons “why yen interventions this time around may prove trickier.” Even though the BoJ increased “rates to their highest level since 1995 this week,” the interest rate differential persists between Japan and the U.S., and this continues to punish the currency, as does the situation in the Middle East.
Tags: 160-per-dollar, 1995, BOJ, Currency, Differential, Interest rate, Intervened, Interventions, Japan, Middle East, Officials, Punish, Trickier, U.S., Yen
