Home » Investors watch China Covid situation, Japanese yen
We think that Japanese authorities are going to be at least verbally trying to intervene in the markets and try to calm sentiment, try not to let pace of [yen] depreciation get completely out of hand.
Chang Wei Liang
Foreign exchange and credit strategist, DBS Bank
Investors were watching the Japanese yen as it traded at 125.58 per dollar following yesterday’s weakening from below 125 against the greenback.
“Given what we’ve seen so far, with the … dollar yen rising from 115 to 125, it’s a very sharp rise in a very short period of time,” Chang Wei Liang, foreign exchange and credit strategist at DBS Bank, told CNBC’s “Street Signs Asia” on Tuesday.
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“We think that Japanese authorities are going to be at least verbally trying to intervene in the markets and try to calm sentiment, try not to let pace of depreciation get completely out of hand,” Chang said.
In early March, the yen traded below 115 against the greenback being weakening…
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