freeslotsnodeposit|凌晨暴击！日本当局已暴露“警戒线”？

Transferred from: Golden Ten data

The yen is under pressure as high US interest rates and Japanese interest rates remain near zero, causing money to flow out of the yen and into higher-yielding assets. Japanese authorities are said to have intervened in the foreign exchange market at least twice this week to prevent a sharp fall in the yen and damage to the economy.

Ito said that if the yen continues to weaken and sharply push up inflation, the central bank may raise interest rates twice to zero by the end of this year.Freeslotsnodeposit.5%. "when the yen is falling because of interest rate spreads, it is difficult to change the trend through foreign exchange intervention," he said. "

"if the yen continues to fall and spread to inflation, then two interest rate hikes before the end of the year could be an option for the Bank of Japan," he said. " He added: "the Bank of Japan could raise interest rates again as early as this autumn."

Mr Ito said that as long as the BoJ's 2 per cent inflation target was met and the economy remained robust, he was "not surprised that the BoJ's policy rate moved towards 2 per cent in the medium term".

He also pointed out that if the yen remains at its current weak level, the Japanese economy itself is unlikely to emerge from recession because it will benefit export-oriented companies. He added that concerns about the negative impact on consumption could be addressed through policy measures to promote consumption.

Makoto Kanda, Japan's top foreign exchange official, told Reuters he had no comment on whether Japan had intervened in the market. A U.S. Treasury spokesman also declined to comment on the trend of the currency pair.

Ms Yellen said last week that foreign exchange intervention could be carried out only in "extremely rare exceptional circumstances" such as market chaos and excessive volatility.

The speed with which the yen has reversed after the surge is a clear indication of how difficult it is to stop the yen from falling. As of press time, the yen gave up against the US dollar.FreeslotsnodepositAn increase of more than half overnight.

The pair is still down about 10 per cent so far this year because of weaker expectations of a recent Fed rate cut, while the Bank of Japan has hinted at slowing the pace of further policy tightening after raising interest rates in March for the first time since 2007.

The gap in long-term government bond yields between the US and Japan reached 376 basis points, causing the yen to fall below 160 against the dollar on Monday for the first time since April 1990.

Falling below this milestone subsequently triggeredFreeslotsnodepositThe yen rebounded sharply, as official data earlier this week showed that Japan had spent about $35 billion intervening in the foreign exchange market, close to a record amount.