Survey shows less than a quarter of Japanese firms approve of the recent yen intervention

Reuters survey of Japanese firms, their Japan Corporate Survey.

Headlines via Reuters:… China and US politics outranking JPY intervention. Sheesh:

• 13% of firms considering scaling back China operation vs 3% thinking
  about expansion
• Japanese firms
  believe Kamala Harris better for business as us president
• 43% of firms see
  Harris as better for business vs 8% favouring Trump
• 24% of firms see
  recent foreign exchange intervention by Japan as appropriate vs 9% as
  inappropriate

USD/JPY update:

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