Yen pinned near 40-year lows as intervention risks mount
The Japanese yen is hovering near 40-year lows as hedge funds increase bearish bets and intervention risks grow.
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📍 How it ended
The Japanese yen remained pinned near 40-year lows as the dollar edged higher. Hedge funds reached their most negative position on the currency since 2007 while intervention risks from the BOJ left markets on edge.
The story quieted without a definitive conclusion in the coverage.
Epilogue added 18d ago, after coverage quieted.
The brief
The Japanese yen remains pinned near 40-year lows while the U.S. dollar edges higher. Hedge funds have turned more negative on the currency than at any point since 2007, and Goldman has revised its forecast to 165 yen per dollar.
Coverage from Bloomberg, Reuters, CNBC, and Yahoo Finance emphasizes the mounting risk of Bank of Japan intervention. Reports from Bloomberg also highlight a former Japanese currency czar's view that the yen is undervalued by up to 20%.
Market participants are monitoring the potential for Bank of Japan action to halt the slide. According to Fortune, some economists suggest efforts to stop the decline are doomed to fail as debt issues affect currency markets.
Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 18d ago.
Quick answers
What is the current state of the yen?
The yen is pinned near 40-year lows as the U.S. dollar edges upward.
What is Goldman's updated forecast for the currency?
Goldman has cut its yen forecast to 165 per dollar.
How are hedge funds reacting to the yen?
Hedge funds have become more negative on the Japanese yen than they have been since 2007.
Coverage (11)
- Japan might be giving the currency market the silent treatment The Japan Times · 21d ago
- Hedge Funds Turn Most Negative on the Japanese Yen Since 2007 Bloomberg.com · 21d ago
- Dollar edges up, keeps yen pinned near 40-year lows Yahoo Finance · 21d ago
- Japanese yen weekly outlook: BOJ intervention threat leaves USD/JPY on edge FOREX.com · 21d ago
- FX Daily Snapshot MUFG Research · 21d ago
- Yen Undervalued by Up to 20%, Former Japanese Currency Czar Says Bloomberg.com · 21d ago
- Dollar edges up; keeps yen pinned near 40-year lows Reuters · 21d ago
- Yen pinned near 40-year lows as intervention risks mount CNBC · 21d ago
- The yen is quietly crashing as Japan’s debt crisis bleeds into currency markets, and efforts to halt the slide are 'doomed to fail,' economist says Fortune · 21d ago
- Goldman Cuts Yen Forecast to 165 Per Dollar, Likes Carry Trades Bloomberg.com · 21d ago
- Goldman revises its USD/JPY forecasts. Here are the new targets Investing.com · 21d ago
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