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Credit Agricole: Is 148 the line in the sand for Japan's MOF to intervene in USD/JPY?
Credit Agricole explores the rising tensions surrounding the USD/JPY exchange rate, particularly in the wake of strong warnings from Japan's Vice Minister of Finance, Masato Kanda. The report considers whether a move to 148 in USD/JPY could compel the Ministry of Finance (MoF) to engage in direct foreign exchange intervention.Key Points:Verbal Warnings Heightened: Masato Kanda's comments are interpreted as a clear signal of imminent FX intervention, escalating from a level four to a level six or...
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Posted: Sep 6 2023, 17:10
Author Name: forexlive
Views: 111547