"Yen Weakens as Japan’s Verbal Warnings Seem to Be Shedding Effectiveness"

A snippet from the Wall Road Journal on the decrease yen in Tokyo commerce to date at present./ In short:

• yen weakens
• Japanese authorities’ verbal warnings look like dropping effectiveness

Citing CBA analysts:

• Market response to Japanese Finance Minister Kato’s feedback on Tuesday was a lot smaller in contrast with Friday
• “If phrases stop to have the specified influence, it could take motion from the Ministry of Finance to get the specified influence on the JPY,”
• danger of market intervention by Japanese authorities to assist the yen at any time

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Different analysts usually are not warning o yen intervention at any time, eyeing 160 because the set off degree:

• ICYMI – Citi base case is for no USD/JPY intervention earlier than 160
• USD/JPY 160 degree – potential BOJ intervention, charge hike

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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