Yen Slumps but Material Intervention Still Seems Unlikely, Sterling Holds $1.31, and PBOC Fix USD at New Low
Marc Chandler
November 12, 2025
Overview: The US dollar is mostly consolidating in narrow ranges against the major currencies. The notable exception is the Japanese yen, which has slumped to a new nine-month low as the greenback approached JPY155. Despite repeated warnings by Japan's finance minister, the market seems undaunted. Actual material intervention seems unlikely, e…
Yen Slumps but Material Intervention Still Seems Unlikely, Sterling Holds $1.31, and PBOC Fix USD at New Low
Reviewed by Marc Chandler
on
November 12, 2025
Rating:
Reviewed by Marc Chandler
on
November 12, 2025
Rating:
