The dollar in the morning was high for the first time in 38 years, and the finance minister “kept a close eye on the exchange rate”
July 2, 2024 11:42 AM GMT+9 (some excerpts)
The dollar in the morning was in the middle of 161 yen, which was the first high in 38 years. After the median price was announced, it temporarily rose to 161.66 yen, and it was close to the 38-year high that had been set overseas the day before, to another 6 yen, but amid heightened tension over yen buying intervention, the movement to buy up the upper price was limited.
Finance Minister Suzuki Shunichi stated “the way of thinking about exchange rates is as we have talked about until now” regarding the depreciation of the yen at the cabinet meeting, and pointed out that there is no change in the government's stance. The dollar, which had remained in the high price range, fell by just over 10 yen immediately after the statement was conveyed.
Finance Minister Suzuki Shunichi stated “the way of thinking about exchange rates is as we have talked about until now” regarding the depreciation of the yen at the cabinet meeting, and pointed out that there is no change in the government's stance. The dollar, which had remained in the high price range, fell by just over 10 yen immediately after the statement was conveyed.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
codeOZ(家長) : I wonder if they will intervene during the Independence Day holiday. For now, I wonder if they'll sell things that can be settled in dollars.