Japanese Yen Eyes New Lows as Markets Speculate on BoJ Action. Intervention Ahead?

The Japanese Yen is facing scrutiny to start the week with USD/JPY edging toward prior peaks on growing unease around potential BoJ intervention. If USD/JPY pops, will the bank be selling?

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 86.39%, while traders in USD/JPY are...This follows on from speculation last week that the bank is considering raising its policy rate from below -0.10%.Such a move may also see physical intervention from the BoJ in currency markets.

Elsewhere, Treasury yields have ticked up to start the week after easing into the weekend with the Federal Reserve now in a blackout period ahead of its Before the cone of silence was lowered, Cleveland Federal Reserve President Loretta Mester added to the growing chorus of board members hinting toward a peak in the policy rate when she said, “We are likely near or at a holding point on the funds rate.”lead from Friday with all the major markets bathed in a sea of red. India’s stock exchanges have faired a bit better, trading almost flat for the day.

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