Yen Intervention May Only Be Effective Against Speculative Moves -- Market Talk
Dow Jones04-02
0649 GMT - Currency intervention serves as an effective brake against yen-selling triggered by speculators, says Dai-ichi Life Research Institute economist Hideo Kumano. "However, its impact is limited when economic fundamentals are driving the yen's depreciation," he says. Recent yen weakness has been fueled by the attacks on Iran, but market indicators suggest the shift may not be temporary and speculative, he adds, noting that inflation expectations are increasingly being reflected in long-term interest rates. The 10-year JGB yield was last up 8.5 basis points at 2.385%. (megumi.fujikawa@wsj.com)
(END) Dow Jones Newswires
April 02, 2026 02:50 ET (06:50 GMT)
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