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Where will Japan draw a hard line on the yen drop?

Where will Japan draw a hard line on the yen drop?
The Japanese yen is a notable mover today, with USD/JPY up by 0.9% to above 141.00 on very little to no news. It builds on the FOMC meeting decision yesterday but this looks more yen-related than that, if I were to pick a story. The drop in the currency came during Asia trading and looks to be flow-based for the most part - adding to the hold of the 140.00 mark.That prompted some verbal intervention as seen here. But where will Japan draw a hard line on more serious intervention?In a latest poll... Read More
Posted: Jun 15 2023, 04:17
Author Name: forexlive
Views: 092020

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