TAG: Japan FX intervention
USD/JPY Technical: Rising US Treasury-JGB yield spreads outweigh BoJ’s intervention risk
A firmer March’s US CPI has altered the relative fundamentals narrative between the US & Japan. Reduces the risk of FX intervention from Japanese authorities to prop up a weaker JPY due to the lack of supporting fundamentals. The bullish reversal see...
6 months ago
USD/JPY: Persistent JPY bearish trend intact despite growing intervention risk
Tokyo’s core-core inflation for April came in at 1.8% y/y, its slowest pace of increase since September 2022 & below BoJ’s inflation target of 2%. The latest set of softer-than-expected Tokyo’s CPI may push back the timing of the next BoJ’s interest...
5 months ago
USD/JPY: An overextended intraday rally makes it vulnerable to a squeeze down with rumoured talks of FX intervention
USD/JPY extended its rally to hit 159.60 key long-term resistance (also the April 1990 secular swing high). Today’s Asian session’s swift upmove in USD/JPY has led to an increase in its volatility condition which increases the risk of FX intervention. Ab...
5 months ago