Japan election weekend - if the yen weakens after, the BOJ could step in with intervention ...Middle East

Nomura say that if the yen comes under pressure next week after the election japanese authorities could step in with intervention efforts to support the currency. The first step is verbal intervention. We've had some weak comments along these lines already from Japan this week, and some comments just a little less weak. Links to two examples from Thursday (Japan time) are here:ForexLive Asia-Pacific FX news wrap: USD/JPY drips a little lowerNomurs, in brief:“The yen seems to be working as an adjustment valve at the moment, to ease everything that is pressuring Japan macro”the prospect of intervention will heighten if the yen weakens further after this weekend’s general electionsweakening cou

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