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JPY alert: The clear signals to watch for imminent Bank of Japan FX yen intervention
Financial authorities in Japan, specifically the Ministry of Finance and the Bank of Japan have been making 'verbal intervention' statements in recent months as the yen has depreciated. Authorities do not want the currency to decline rapidly and use the comments to slow its drop. However, at some stage, if the yen falls too far for comfort, there will be actual intervention, in the form of selling USD/JPY. There may be some cross-selling but the bulk of intervention will be in USD/JPY. In Octob...
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Posted: Jul 1 2023, 03:26
Author Name: forexlive
Views: 112514