Yen intervention could be a one day wonder

Today’s unilateral intervention has only succeeded in weakening the yen a little (from around 75.6 per dollar to 79.5, then back to 77.9) and is unlikely to be enough to turn the tide. Meanwhile, the latest PMI and housing data underline the fragility of the economy.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.