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USD/JPY: FX intervention may not be imminent as Japanese authorities stand firm

by Ella
jpy

USD/JPY is currently trading in the FX intervention zone of 145-150.

Bigger catalyst for yen gains could be sharp correction in risk assets

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Japanese authorities appear to be taking no action for now, not wanting to confront US Treasury yields pushing USD/JPY higher.

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FX intervention may not be imminent, and the bigger trigger for the yen’s rally could be a sharp correction in risk assets driven by a surge in U.S. Treasury yields.

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