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UBS on Ueda and PBOC warning: Verbal intervention in FX needs fundamentals to back it up

UBS on Ueda and PBOC warning: Verbal intervention in FX needs fundamentals to back it up
UBS with some advice for Bank of Japan Governor Ueda re this:ForexLive Asia-Pacific FX news wrap: Ueda comments send USD/JPY plungingAnd the PBOC re this:ICYMI - The PBoC warned traders to be wary of short yuan speculationUBS are blunt:Bank of Japan Governor Ueda commented about perhaps being able to judge if (nominal) wage growth was sustainable at the end of the year. The fevered world of foreign exchange saw interest rate increases around the corner and boosted the yen. The People’s Bank of C... Read More
Posted: Sep 12 2023, 02:15
Author Name: forexlive
Views: 091273

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