Results for: Intervention

The yen has weakened below the 155-per-dollar mark as the Bank of Japan (BOJ) embarks on its two-day rate-setting meeting. The currency has been under pressure, with the US dollar breaking above the key psychological threshold for the first time since 1990. Speculation has been rife that Japanese authorities may intervene to support the yen, but no such action has been taken yet. The BOJ is expected to maintain its ultra-loose monetary policy stance, making significant appreciation of the yen unlikely, despite its historically low levels.

The Japanese yen remained weak against the US dollar on Thursday, hovering around 155 yen per dollar as the Bank of Japan (BOJ) commenced its two-day rate-setting meeting. Market participants anxiously await any potential intervention from Tokyo’s policymakers. Despite speculation of intervention to support the yen, the dollar surpassed the psychologically significant 155 yen level, reaching its highest point since 1990. The BOJ’s policy deliberations are expected to maintain short-term interest rates unchanged, prompting expectations of continued gradual policy tightening and low terminal rates. This outlook makes it challenging for the yen to appreciate significantly, despite its historically low levels. However, BOJ Governor Kazuo Ueda has indicated a willingness to raise rates if inflation continues to accelerate towards the 2% target. Broader currency markets witnessed the dollar regaining ground after earlier losses, buoyed by upbeat business activity data from the euro zone and the UK. The euro and sterling rose but later retreated slightly, while the dollar remained firm against other major currencies.

Intervention, the Emmy award-winning series, returns tonight, Monday, April 22, at 8 p.m. Eastern on A&E. The season 25 premiere will feature former high school football star Nick and his girlfriend Emily, who have become addicted to carfentanil, an opioid that’s 10,000 times stronger than morphine. Their addiction has led them to commit petty crimes and live at Nick’s parents’ house. Nick’s family intervenes to get the couple to get their lives back on track. Intervention profiles people with uncontrollable addiction to drugs, alcohol, or compulsive behavior. The show has helped countless people get their lives back on track and has been praised for its honest and unflinching portrayal of addiction.

A&E’s Emmy award-winning series Intervention returns with new episodes on Monday, April 22nd at 8 p.m. The show follows the harrowing stories of individuals whose addictions have brought them to the brink of destruction. Tonight’s premiere episode, titled Three Brothers, follows the story of three brothers grappling with addiction and family turmoil. For those without cable, the show can be streamed on Philo or Sling TV.