Potential Bank of Japan yen intervention on Friday: USD/JPY on the radar ...Middle East

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Potential Bank of Japan yen intervention on Friday: USD/JPY on the radar
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Stever Barrow, head of G-10 strategy at Standard Bank says the Bank of Japan could intervene to sell; USD/JPY as soon as Friday. Thinks the Bank of Japan could discuss intervention at its meeting Friday Japan time. Intervention could then follow during US hours, or soon afterBarrow highlighted similarities between the setup ahead of this week's BoJ meeting, and the central bank's previous intervention in late 2022, said the BoJ dumped roughly $20 billion of US-dollar denominated assets on September 22, 2022, when its last intervention began.previous intervention occurred immediately after a BoJ meetingwas preceded by meetings between Japanese finance ministry officials and their G-7 counterp

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