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Another forecast for USD/JPY intervention at 'line in the sand' of 145

I posted this call on 145 being the level to watch earlier:BNP Paribas say Japanese government's 'line in the sand' for USDJPY is around 145HSBC have also tipped 145 as the level to watch for government intervention to support the yen. Analysts at the bank say that the m/m change seen in USD/JPY prior to the intervention in September 2022 had a range of 6% to 8%. And note that recent movements show a 4% to 5% range .... but if USD/JPY rose above 145 that'd hit the 6% m/m level ----The Ministry o... Read More

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Posted: Jun 6 2023, 00:56

Author Name: forexlive

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