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If it wasn't for the fear of intervention, Fed's Kashkari would've sent USD/JPY above 150

If it wasn't for the fear of intervention, Fed's Kashkari would've sent USD/JPY above 150
USD/JPY hit an 11-month high above 149.15 on Tuesday. Kashkari added fuel to the monetary policy divergence fire between the Federal Reserve and Bank of Japan with his comments:Fed's Kashkari sees 40% chance of further rate hikes, perhaps 'significant' hikesIf it wasn't for the worry over Bank of Japan intervention USD/JPY would have gone higher on his remarks. The 150 figure is my guess, could have been more. I wonder if we'll get some yen-supportive items in today's minutes (July meeting) due... Read More
Posted: Sep 26 2023, 23:30
Author Name: forexlive
Views: 092151

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