MUFG: Increased risk of imminent yen intervention as USD/JPY nears 155 ...Middle East

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MUFG: Increased risk of imminent yen intervention as USD/JPY nears 155
Mitsubishi UFJ Financial Group highlights the rising likelihood of intervention by Japanese authorities to support the yen, following strong signals from Japan’s Finance Minister and recent currency trends. The USD/JPY has been hovering just below the crucial 155 level, intensifying intervention expectations ahead of the Bank of Japan’s policy meeting on Wednesday.Key Points:Finance Minister's Warning: Japan’s Finance Minister, Suzuki, has issued a potent warning, indicating that the government is closer to intervening in the forex market to support the yen. This follows a tripartite agreement between Japan, South Korea, and the US acknowledging concerns over the recent weakness of the yen a

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