Credit Agricole: Finger on the JPY intervention trigger ...Middle East

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Credit Agricole: Finger on the JPY intervention trigger
Credit Agricole highlights Japan's readiness for currency intervention as the JPY faces downward pressure, quoting Masato Kanda, Japan’s Vice Minister of Finance for International Affairs. Kanda's recent statements signal a strong inclination towards supporting the JPY against speculative forces driving its depreciation. His remarks have heightened expectations for potential intervention, especially as USD/JPY approaches levels close to those seen during previous interventions in October 2022.Key Points:Intervention Signals: Masato Kanda's comments indicate a high likelihood of Japan intervening in the currency market to curb excessive JPY fluctuations, emphasizing that current movements do

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