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USD/JPY continues march towards intervention territory
The verbal jawboning by Japanese officials aren't really having much impact, as you would expect, as the yen continues to fall further this week. USD/JPY is trading higher again today, now to 144.16 as buyers are staying poised for a further push to the topside.The question now is whether there will be actual intervention, like what we saw last October, at the 145.00 mark or the 150.00 mark (again) - or perhaps somewhere in between.I reckon it's more about the speed and momentum of the move and...
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Posted: Jun 28 2023, 08:54
Author Name: forexlive
Views: 081085