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USD/JPY fades earlier dip as Japan officials only deliver verbal warning

USD/JPY fades earlier dip as Japan officials only deliver verbal warning
Kanda may deny that the meeting today was meant to serve as a verbal intervention against yen weakening but we have seen countless times in the past that it is certainly part of the agenda. With USD/JPY having threatened to run away earlier today, it was definitely a timely reminder by Japanese officials.In any case, as mentioned during the announcement in the hours before, this isn't one where Japan will draw a hard line on the yen yet. In fact, we're probably quite far from it - at least accor... Read More
Posted: May 30 2023, 09:15
Author Name: forexlive
Views: 101815

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