Yen rises to its highest levels after Takaichi’s statements

The Japanese yen witnessed a noticeable rise against the US dollar at the beginning of trading on Monday, rising by 1.2%. This rise reflects the state of caution and anticipation prevailing among traders, in anticipation of possible intervention by the Japanese authorities in the currency market, following the recent declines witnessed by the yen.

According to Bloomberg News, the yen exchange rate today reached 153.81 yen per dollar, its highest level since mid-November. This rise comes after the warning issued by Japanese Prime Minister Sanae Takaichi to the market.

These developments come against the backdrop of signs that appeared last Friday, indicating the possibility of the United States joining Japan in efforts to support the yen. On the other hand, Japanese stocks witnessed a decline, as the main Japanese stock index, the Nikkei 225, fell by 2.2%. While most bonds witnessed an increase, according to what was reported by the German News Agency (dpa).