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Japan Intervenes in Forex Market as Yen Moves from 161 to 157 Against Dollar

Jul 11, 2024, 01:55 PM

Japan intervened in the foreign exchange market, as reported by TV Asahi citing government sources. The intervention by the government and the Bank of Japan (BOJ) was aimed at influencing the USD/JPY exchange rate, which saw the yen move from 161 yen to 157 yen against the dollar following the release of U.S. CPI data. This action marks a significant step by Japanese authorities to stabilize the yen.

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Will the Bank of Japan intervene in the Forex market again by the end of 2024?

Japan•TV Asahi•Bank of Japan•BOJ•Japanese

Resolution / Starting Odds

No • 50%

Yes • 50%

Intervention will be confirmed by official announcements from the Bank of Japan or credible financial news sources.

Will the USD/JPY exchange rate be above 160 by the end of 2024?

Japan•TV Asahi•Bank of Japan•BOJ•Japanese

Resolution / Starting Odds

No • 50%

Yes • 50%

The exchange rate will be determined based on data from financial news sources such as Bloomberg or Reuters.

Will the USD/JPY exchange rate be below 155 by August 31, 2024?

Japan•TV Asahi•Bank of Japan•BOJ•Japanese

Resolution / Starting Odds

Yes • 50%

No • 50%

The exchange rate will be determined based on data from financial news sources such as Bloomberg or Reuters.

How many times will the Bank of Japan intervene in the Forex market by the end of 2024?

Japan•TV Asahi•Bank of Japan•BOJ•Japanese

Resolution / Starting Odds

2 times • 25%

3 or more times • 25%

0 times • 25%

1 time • 25%

Interventions will be confirmed by official announcements from the Bank of Japan or credible financial news sources.

What will be the highest USD/JPY exchange rate reached in 2024?

Japan•TV Asahi•Bank of Japan•BOJ•Japanese

Resolution / Starting Odds

160-164 • 25%

Below 155 • 25%

Above 164 • 25%

155-159 • 25%

The highest exchange rate will be determined based on data from financial news sources such as Bloomberg or Reuters.

What will be the USD/JPY exchange rate by December 31, 2024?

Japan•TV Asahi•Bank of Japan•BOJ•Japanese

Resolution / Starting Odds

Above 160 • 25%

Below 150 • 25%

150-155 • 25%

156-160 • 25%

The exchange rate will be determined based on data from financial news sources such as Bloomberg or Reuters.