Wednesday , 22 January 2025
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USD/JPY update – lower (in a small range) after Suzuki’s verbal intervention

Keywords used by Suzuki included:

  • rapid
    FX moves
  • speculative moves
  • won’t rule out any steps to
    respond to disorderly FX

These are of a more stringent nature than the ‘watching closely’ sort of mumbling we usually get. These indicate we are moving closer to ‘rate checks’ and then actual intervention.

USD/yen update (looks dramatic but check the scale):

This article was written by Eamonn Sheridan at www.forexlive.com.

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