Strong dollar poses question over timing of Japan intervention

Reversal of weakening yen per dollar depends on U.S. economy, analysts say

20240417 154

Federal Reserve Chairman Jerome Powell has hinted at a delay in rate cuts following strong U.S. inflation readings, triggering dollar buying.

LISA KIM, Nikkei staff writer

TOKYO -- The resilience of the U.S. economy is raising uncertainty over whether Japanese monetary officials will intervene soon, analysts say, as the yen has fallen to 154 against the dollar.

"It's going to be very hard for Japanese policymakers to stop the dollar-yen from going higher," said Shoki Omori, chief desk strategist at Mizuho Securities.

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