USD/JPY is now comfortably trading in the 145-150 FX intervention zone. Economists at ING analyze the pair’s outlook. A larger trigger for a JPY rally
It seems that Tokyo authorities are keeping their powder dry for the time being, not wanting to fight the US Treasury-yield driven rise in USD/JPY.
FX intervention may not be imminent and a larger trigger for a JPY rally would probably be some kind of sharp risk asset correction perhaps driven by those surging US Treasury yields.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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