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Japanese authorities announced their readiness to act 'without restrictions' in the foreign exchange market to support the national currency, the yen. This move reflects an escalation in their warning tone against speculators, coinciding with the upcoming visit of the U.S. Treasury Secretary to Tokyo.
Goldman Sachs revealed that Japan has the capacity to intervene in the currency market approximately <strong>30 times</strong> at the same pace as its recent intervention, which involved spending around <strong>5 trillion yen</strong> (about <strong>$31.3 billion</strong>) to support the yen. This comes after the yen fell to <strong>160 yen per dollar</strong>.
Japanese Finance Minister Satsuki Katayama has raised questions about the government's intervention to support the yen, indicating ongoing speculative movements. This follows reports that Japan spent around <strong>34.5 billion dollars</strong> in its first intervention since 2024.
Elvira Nabiullina, the Governor of the Central Bank of Russia, has called on commercial banks to hold reserves in yuan to prevent a shortage of the Chinese currency in the foreign exchange market. This move aims to mitigate excessive lending and stabilize the financial system.
In an effort to reassure investors, the Bangladesh Central Bank confirmed that the foreign exchange market remains stable despite the Taka's drop to its lowest value against the dollar. This statement comes at a critical time as the Bangladeshi economy faces significant challenges.