Japan’s Prime Minister Kishida with the no comment.
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As for my sub heading to this post, yeah … in the absence of further intervention (if that’s what it was) USD/JPY will hed on back up:
Earlier:
- Japan’s Kanda says need to take appropriate actions on FX
- How to confirm Japanese intervention in yen (TL;DR is wait until the end of May!)
- UBS on the yen: “Looks like intervention”, if it was its unlikely to have a lasting impact
This article was written by Eamonn Sheridan at www.forexlive.com.
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