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MUFG: Fed's hawkish stance tentative, US dollar rally unlikely to extend far
In a preview of tonight's Bank of Japan (BoJ) meeting, Credit Agricole notes that as the USD/JPY pair returns above 140, Japanese policymakers have resumed verbal intervention in the forex markets. Hirokazu Matsuno, Japan's Chief Cabinet Secretary, stated that he is closely monitoring the FX markets and considers excessive movements undesirable.Credit Agricole assesses the current level of verbal intervention at 3 on their 1-7 scale, with 7 indicating imminent foreign exchange intervention. The...
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Posted: Jun 15 2023, 18:13
Author Name: forexlive
Views: 081164