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Bank of Japan watch - MUFG says USD/JPY in the danger zone for intervention

Bank of Japan watch - MUFG says USD/JPY in the danger zone for intervention
MUFG is wary of Bank of Japan intervention in the yen, citing USD tailwinds (from the Federal Open Market Committee (FOMC) minutes specifically) and JGB yields.The short-term bias remains favourable for the Dollar and the minutes and the data support that view. The further strengthening of the Dollar has brought USD/JPY into the danger zone for intervention to halt the move higher. Resistance to a higher USD/JPY could at least involve allowing the 10-year JGB yield to drift further higher. You... Read More
Posted: Aug 17 2023, 22:03
Author Name: forexlive
Views: 022150

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