Menu
Sister Sites

  • Yen Traders on Verbal Intervention Watch as Weakness Extends

    From bnnbloomberg.ca

    Tokyo’s FX traders are scanning the airwaves for official comments as the yen slumps toward levels where the government intervened to prop it up last year. The Japanese currency traded past the 143 per dollar level Friday, having slid almost 1% in the previous session. It has weakened to a record against the Swiss franc and is at levels last seen in 2008 against the euro. The growing divergence between Japan’s easy monetary policy and the hawkish bent of its major counterparts continues to weigh on the yen. Officials have warned they are watching moves closely and stand ready to act, as they did late last year. ... (full story)

Wrong expectations. BOJ is happy right now. There wont be any intervention soon. Maybe around 157 level they may. Pure LONG and huge profit opportunity while all retailers are selling.
Not the wrong expectations. It isn't intervention by the BOJ, but the ministry of finance. Just like the last two times. And it will come as long as the yen keeps weakening. They have already started to put people on notice with their comments.
They definitely have a price in the sand where once it crosses they can intervene. Even if they intervene it's a shortfall anywho. Fundamentally so many things are still against yen. They did interventions and we are touching those prices again on some pairs and some pairs have exceeded it.

Obviously I wouldn't mind a reset it just gives more opportunities.
The markets are like water it ebbs and flows.
  • New Comment
  •  Guest
  • | IP XX.XXX.249.141
Join FF
  • Story Stats
  • Posted: Jun 22, 2023 10:39pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 3  /  Views: 1,717

  • Related Stories