Renesas stock on watch after yen “rate check” jitters, with earnings next up
Renesas closed Friday at 2,513.5 yen, down 0.16%. The yen surged after the New York Fed conducted rate checks, fueling speculation of intervention and prompting Japan’s prime minister to pledge action against abnormal moves. Semiconductor stocks fell globally after Intel’s weak outlook. Renesas will report full-year results Feb. 5.