USD/JPY: Strong intervention at 150 would be a technical mistake on MOF's side – Commerzbank USDJPY Japan Banks
nce again. In the view of economists at Commerzbank, intervention at levels of 150 will be a mistake.“I am of the view that the MOF is currently not aiming to defend a particular USD/JPY level. Otherwise, it would not have remained inactive when the 146-level was breached after all a few days ago.”
“A strong intervention at 150 would be a technical mistake on the MOF's side. I am certain that in the 1990s and early 2000s the MOF would not have made that mistake. But as that was a long time ago, I cannot be certain that the MOF still knows how leaning against the wind works. For that reason, I cannot promise that we will not see interventions as 150 after all. But I would be surprised.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japanese Yen Latest: USD/JPY Traders Wary of Official Intervention as 150 NearsThe Japanese Yen continues to weaken against the US dollar and earlier in the session traded at lows last seen in August 1990. Get your market update from nickcawley1 here:
Read more »
USD/JPY: Break over 150.00 looks more likely than not over the short term – MUFGThe USD/JPY is trading above 149.30, at fresh multi-decade highs. Analysts at MUFG Bank, see the pair likely to break above 150.00 in the short term.
Read more »
BOJ announces emergency bond-buying operations, USD/JPY flirts with 150.00“Japan's central bank on Thursday said it would hold emergency bond-buying operations, offering to buy some $667 million in government debt, a move de
Read more »
Wyoming Whiskey Made Just 150 Bottles of Its Oldest BourbonThe limited edition honors 150 years of Yellowstone National Park.
Read more »
Cartier Is Reviving Its Rare—and Coveted—Pebble Watch in an Ultra-Limited RunThe modern iteration will be limited to just 150 examples.
Read more »
USD/JPY: Yen to remain in free-fall unless BoJ’s approach on monetary policy front changes – CommerzbankUSD/JPY is approaching the 150 mark. Economists at Commerzbank expect even further yen weakness while the Bank of Japan stands pat. Interventions can
Read more »