menu search

Bank of Japan intervention in USD/JPY usually results in an initial 500 point drop

Bank of Japan intervention in USD/JPY usually results in an initial 500 point drop
TD on verbal intervention that we are currently seeing:Ministry of Finance (MOF) officials (e.g., Suzuki, Matsuno) repeated the JPY jawboning ... in a warning to speculators that imminent intervention is on the table, especially with USD/JPY on a path towards 150. And the politics behind the scenes playing out:The JPY weakness is taking a hit on Kishida's popularity in the polls which probably nudged the government to unveil a new set of economic measures next week. We doubt authorities want me... Read More
Posted: Sep 25 2023, 21:08
Author Name: forexlive
Views: 070545

Search within

Pages Search Results: