USD/JPY in the spotlight as yen-tervention is in focus ...Middle East

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It may be a quieter start to the new week but this is one to watch where the action can pick up quickly. After having intervened in late April, Japanese officials are being put into the spotlight again now. Are they going to step in at the 160.00 mark once more? Or are they going to relax the threshold for yen-tervention like previous times during the last two years?The thing about the latter is that Japan has failed to convince markets of a changing narrative in the fundamentals.Sure, the BOJ has finally ended its negative interest rate policy experiment. But the promise was for so much more than that. Yen bulls were already largely disappointed by Ueda's lack of boldness in 2023 and that s

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Last updated : 24 June 2024 clock 09:45 AM

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USD/JPY in the spotlight as yen-tervention is in focus ...Middle East

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