Japanese business leaders suggest the authorities increase “currency stability”: they say the yen exchange rate needs to appreciate by at least 20%

① Ken Kobayashi, chairman of the Japan Chamber of Commerce and Industry, said that the government and central bank should target the exchange rate between 120 and 130 yen per dollar; ② According to calculations, to reach the 130 yen mark of 1 US dollar to 130 yen, the yen exchange rate would need to appreciate nearly 20% from the current level. If it were to reach the 120 mark, it would need to appreciate about 30%.

cls.cnMay 11 21:12

Hedge funds drastically cut short bets after the Bank of Japan suspected of “saving the yen”

Hedge funds cut their bets on yen bears after possible foreign exchange intervention.

Zhitong FinanceMay 11 10:47

The depreciation of the yen triggered a sharp drop in business confidence, and the Bank of Japan faced bailout pressure

Japan's business confidence experienced a sharp drop in April, falling to its lowest point in 20 months.

Zhitong FinanceMay 10 16:14

The optimal level of yen is 120! Japan's business leaders: The central bank should not hesitate to intervene!

The chairman of Japan's Tokyo Chamber of Commerce and Industry said that it is difficult for the Bank of Japan to act quickly in the short term.

Golden10 DataMay 10 15:38

Express News | The governor of the Bank of Japan recently emphasized concerns about the depreciation of the yen several times in his statement

BreakingsMay 10 14:38

Gauge for Current Conditions in Japan Slips in April: Economy Watchers Survey

The measure for household trends fell to 46.6 points from 49.4 in March due mostly to a drop in food and beverage to 47.8 from 53.1, the data showed.

MT NewswiresMay 10 13:52