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Japan didn't offer any monetary policy help for the yen and evidently didn't intervene

USD/JPY is up 185 pips to 150.95 today, and why not.The Bank of Japan leaked that it would be adjusting policy and then delivered only a token shift that lacked clarity. Ultimately, they had to choose between the bond market and the currency market and decided to protect borrowing costs from turmoil. That's understandable.But it's also understandable that the FX market no longer sees 150.00 as a barrier and will now test how far it can go.This is particularly true because data from Japan today s... Read More

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Content Topics

Japan

Didn

Offer

Monetary

Policy

Help

Evidently

Didn t

Intervene

Forex

Posted: Oct 31 2023, 13:11

Author Name: forexlive

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