NEW DELHI, India — The Reserve Bank of India’s intervention in the foreign exchange market can help contain sharp swings in the rupee, but sustained currency stability ultimately depends on deeper economic factors such as the trade balance, export competitiveness, energy dependence and the nature of foreign capital flows.
टैग: Forex Market
Japan, US Confirm Joint Yen-Buying Intervention, Signal Readiness for More Action
Japan and the United States have confirmed that they carried out a coordinated intervention in the foreign exchange market to support the Japanese yen, marking the first joint currency operation between the two countries in more than a decade. Japanese authorities said they remain prepared to intervene again if necessary, underscoring growing concern over the yen’s prolonged weakness and its potential impact on global financial markets.
Scott Bessent’s To-Do List Suggests Possible US Plan to Buy $5–10 Billion in Japanese Yen
A notepad belonging to US Treasury Secretary Scott Bessent has drawn attention after a Reuters photograph captured during a Cabinet meeting at Camp David appeared to show a handwritten reminder about purchasing between $5 billion and $10 billion worth of Japanese yen. The image surfaced as reports emerged that the US Treasury had alerted banks about a possible intervention in the currency market.