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IMF: Yen's recent declines are driven by fundamentals, criteria not met for intervention

IMF: Yen's recent declines are driven by fundamentals, criteria not met for intervention
Alongside the surge in USD/JPY Japanese authorities have insisted, over and over again, that the rate should trade in a stable fashion 'driven by fundamentals'. And over and over again the market has insisted that a 500+ or so bp differential between US and Japanese rates are a solid fundamental.The IMF have weighed in, an official speaking on Saturday saying:"On the yen, our sense is that the exchange rate is driven pretty much by fundamentals. As long as interest rate differentials remain, the... Read More
Posted: Oct 14 2023, 21:51
Author Name: forexlive
Views: 092031

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