2024-12-24 14:03
IndustryJapan Warns on Yen as Intervention Risks Rise
Japan's Finance Minister reiterated concerns over speculative yen moves, hinting at intervention as the currency trades near 157/USD. With low liquidity amplifying volatility, analysts expect heightened tension if the yen approaches 160, a level linked to past interventions.
Upcoming BOJ updates, including Governor Ueda’s speech Wednesday, may determine whether the yen stabilizes or faces renewed pressure. A dovish stance could drive further weakness, while intervention risks rise near 161/USD.
#Forex #USDJPY #Yen #BOJ #JapanEconomy #MonetaryPolicy
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Japan Warns on Yen as Intervention Risks Rise
| 2024-12-24 14:03Japan's Finance Minister reiterated concerns over speculative yen moves, hinting at intervention as the currency trades near 157/USD. With low liquidity amplifying volatility, analysts expect heightened tension if the yen approaches 160, a level linked to past interventions.
Upcoming BOJ updates, including Governor Ueda’s speech Wednesday, may determine whether the yen stabilizes or faces renewed pressure. A dovish stance could drive further weakness, while intervention risks rise near 161/USD.
#Forex #USDJPY #Yen #BOJ #JapanEconomy #MonetaryPolicy
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