Economy · World
Yen Surges on Suspected Japanese Market Intervention
The Japanese yen surged against the US dollar, with analysts and news reports indicating official intervention to support the currency. The yen's sharp rise followed a Reuters photo showing a "to do" list with a "$5-10 billion Japanese Yen purchase" noted. Gold prices also held gains due to the dollar's decline. The intervention occurred ahead of a Bank of Japan policy decision, after which the yen weakened.
How outlets across the spectrum covered it
Left 2 · Centre 4 · Right 0 n = 6
- Left (2): The Hindu, The Telegraph (India)
- Centre (4): Deccan Herald, Mint, The Times of India, The Tribune
- International (7): Al Jazeera English, Associated Press, BBC News, Bloomberg, France 24, Reuters, The Guardian