Foreign exchange intervention
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Yen gets a lift as verbal intervention picks up, dollar heads for weekly rise
Yahoo Finance· 2025-11-21 13:13
By Ozan Ergenay and Rae Wee LONDON (Reuters) -The yen found some support on Friday as Japanese officials stepped up their verbal intervention to stem the currency's decline, while the dollar was on track for its biggest weekly rise in six weeks. The yen popped higher after Japanese Finance Minister Satsuki Katayama said intervention was a possibility to deal with excessively volatile and speculative moves, leaving traders on alert for signs of yen buying from Tokyo. "The warning overnight from the Jap ...
US, South Korea agree not to target FX rates for trade advantage
Yahoo Finance· 2025-10-01 00:22
SEOUL (Reuters) -The United States and South Korea agreed that foreign exchange interventions should be reserved for combating excessive volatility, without targeting exchange rates for competitive purposes, according to a joint statement released on Wednesday. The statement mirrors an agreement between the U.S. and Japan announced last month and does not include a bilateral currency swap line, requested by Seoul to address the foreign exchange implications of a $350 billion investment package included in ...