Japanese authorities could refrain from interventions to support the yen on Friday as some expect, Commerzbank's Volkmar Baur says in a note. Friday is a U.S. public holiday and liquidity will be thinner, he says. "While this would be a good time for another intervention--and of course, that can't be ruled out--the pressure for a genuine intervention is likely to be low as long as the dollar can hold steady at 161 yen today." The dollar last trades down 0.2% at 160.88 yen, having reached a two-week low of 160.51 earlier, LSEG data show. The yen is supported by another intervention warning from Japanese Finance Minister Satsuki Katayama and Thursday's weak U.S. nonfarm payrolls data. (renae.dyer@wsj.com)
Dow Jones Newswires
Japan Might Refrain From Interventions to Lift Yen — Market Talk
Japanese authorities could refrain from interventions to support the yen on Friday as some expect, Commerzbank's Volkmar Baur says in a note. Friday is a U.S. public holiday and liquidity will be thinner, he says. "While this would be a good time for another intervention--and of course, that can't…