Yen intervention watch redoubles after Fed, BOJ meetings

Currency under pressure with Japan-U.S. yield gap at 10-month high

With the Fed signaling interest rates will remain higher for longer, conditions will continue to favor a strong dollar, currency watchers say. © Reuters

TOSHIHIRO SATO and YOSHIKAZU IMAHORI, Nikkei staff writers

September 25, 2023 06:50 JST

TOKYO -- As a new week begins after monetary policy decisions in the U.S and Japan, pressure on the yen is expected to rise on a widening interest rate gap between the two economies.

Currency market watchers are aware of the prospect that Japanese authorities could intervene to support the yen, possibly if it breaches the 150-yen line.