There is some speculation of Bank of Japan intervention. I haven’t seen or heard anything of this and it would seem to be not the way the BOJ is operating right now.
- The BoJ recently slammed yen crosses after US data, at a time when USD/JPY was already falling
- the BoJ tends not to intervene in times of deep and thick liquidity, like now with Tokyo markets fully operating
But, I could be wrong!
Anyway, Yen higher:
This article was written by Eamonn Sheridan at www.forexlive.com.
Related Articles
Elon Musk Slams Government Standards
🔹 Elon Musk Slams Government Standards Using AI-Generated SatireElon Musk took to...
Weekend Fedspeak – Goolsbee shrugged off 3 decade high in inflation expectations data
Federal Reserve Bank of Chicago President Austan Goolsbee spoke Sunday in an...
Weekend news – Iraq and Kurdistan resume oil exports after a two-year halt
Kurdistan to Restart Crude Exports – Iraqi Kurdistan authorities have reached an...
New Zealand Q4 retail sales +0.9% q/q (vs. +0.6% expected)
New Zealand data, retail sales in Q4 2024.+0.9% q/qexpected +0.6%, prior -0.1%For...
Leave a comment