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On USD/JPY towards 145: "We are now approaching FX intervention territory "
I posted earlier on the l;evel to watch according to NAB:145-150 in USD/JPY nominated as the area to watch for Bank of Japan yen interventionMore from NAB on the yen:Japan, is ... (engineering) a lower currency. The move up in core yields alongside improvement in (equity) risk appetite are supporting a weaker JPY given the BoJ ultra-easy policy.We are now approaching FX intervention territory with the market bracing for an MoF announcement as an when USD/JPY climbs above ¥145.---Reminder if you...
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Posted: Jun 28 2023, 01:01
Author Name: forexlive
Views: 112322