🇯🇵🚨 JAPAN IS ON INTERVENTION ALERT AGAIN.
The yen is sliding toward ¥160 per dollar even after the BOJ raised rates to 1.25%, the highest level in 31 years.
Japanese authorities have already conducted a fresh “rate check” with market participants l a move often seen as a warning that intervention could be coming.
And now Japan’s Finance Minister says the principles behind the July Japan-US currency intervention are still in place.
No specific USD/JPY level has been named.
But the message to markets is clear:
Tokyo is watching the yen closely.
If authorities step in again, a sharp USD/JPY move could ripple across global markets especially through the dollar, bonds, gold and the yen carry trade.
The big question now:
How close does USD/JPY need to get to ¥160 before Japan acts again?
#JPY #Forex #USDJPY #Japan #Markets
The yen is sliding toward ¥160 per dollar even after the BOJ raised rates to 1.25%, the highest level in 31 years.
Japanese authorities have already conducted a fresh “rate check” with market participants l a move often seen as a warning that intervention could be coming.
And now Japan’s Finance Minister says the principles behind the July Japan-US currency intervention are still in place.
No specific USD/JPY level has been named.
But the message to markets is clear:
Tokyo is watching the yen closely.
If authorities step in again, a sharp USD/JPY move could ripple across global markets especially through the dollar, bonds, gold and the yen carry trade.
The big question now:
How close does USD/JPY need to get to ¥160 before Japan acts again?
#JPY #Forex #USDJPY #Japan #Markets
