{"id":72699,"date":"2022-09-22T20:10:43","date_gmt":"2022-09-22T16:10:43","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=72699"},"modified":"2022-09-22T20:12:57","modified_gmt":"2022-09-22T16:12:57","slug":"us-treasury-understands-japans-intervention-to-reduce-yen-volatility","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/us-treasury-understands-japans-intervention-to-reduce-yen-volatility\/09\/22\/general\/","title":{"rendered":"US Treasury comments on Japan&#8217;s intervention against yen volatility"},"content":{"rendered":"\n<p>A spokesperson for the US Treasury said on Thursday that they acknowledge the Bank of Japan&#8217;s intervention in the foreign exchange market.<br><br>&#8220;The Bank of Japan today intervened in the foreign exchange market. We understand Japan\u2019s action, which it states aims to reduce recent heightened volatility of the yen,&#8221; the spokesperson stated.<br><br>The USD\/JPY pair showed no immediate reaction to thisnews and it was last seen losing more than 1% on the day at around 142.35.<br><br>Japan intervened to support the yen for the first time since 1998, seeking to stem a 20% decline against the dollar this year amid a widening policy divergence with the U.S.<br><br>The yen rose as much as 2.3% against the US dollar, pulling back sharply from the lows of the day when it had breached a key psychological level of 145, as top currency official Masato Kanda said the government was taking bold action.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A spokesperson for the US Treasury said on Thursday that they acknowledge the Bank of Japan&#8217;s intervention in the foreign exchange market.&#8220;The Bank of Japan today intervened in the foreign exchange market. We understand Japan\u2019s action, which it states aims to reduce recent heightened volatility of the yen,&#8221; the spokesperson stated.The USD\/JPY pair showed no &hellip;<\/p>\n","protected":false},"author":13,"featured_media":71426,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[7076,9723,7167],"class_list":["post-72699","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-general","tag-bank-of-japan","tag-intervention","tag-yen"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=72699"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72699\/revisions"}],"predecessor-version":[{"id":72705,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72699\/revisions\/72705"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/71426"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=72699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=72699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=72699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}