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A public feud has erupted between two of Malaysia’s most influential royal families over fines imposed on top-tier team Selangor FC for a no-show at the 2024-25 season opening Charity Shield match in May.
TOKYO -- The next round of Japanese government intervention to stop the yen's slide will likely happen if the currency hits 165 versus the dollar, according to Bank of America Securities and Citigroup.
The Japanese yen hit a near-38 year low against the U.S. dollar late Wednesday, raising expectations that authorities could intervene in currency markets again.
TOKYO -- The yen fell past 160 against the dollar on Wednesday for the first time since April 29, the day the government and the Bank of Japan likely stepped in to support the currency, stoking expectations of another possible intervention.
The assessment was made after a study conducted between April and June, it said in a statement on Sunday.
TOKYO -- Currency interventions by Japanese authorities appear to be having little effect on the yen's weakness against non-U.S. currencies, as carry trades drive the yen to historic lows against the Swiss franc, British pound and more.
President Vladimir Putin and Kim Jong-un revived a Cold War-era mutual defense pledge between Russia and North Korea yesterday.
NEW YORK -- With the Japanese yen hovering at weak levels against the dollar and showing no sign of strengthening significantly, the government is taking steps to intervene and buoy the currency.