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Japanese Yen Strength May Continue, But Will the BoJ Intervene?
In March 2018, we saw USD/JPY fall through 105.00 as the anti-risk Japanese Yen strengthened alongside a drop in the benchmark Nikkei 225 stock index. This was accompanied by concerns from the Bank of Japan (BOJ) about the impact of a stronger Yen on corporate profits, perhaps fueling speculation of intervention. USD/JPY then rose until October when it topped just under 115. This was also accompanied with a pickup in equities. Lately, JPY has been facing a similar scenario, falling through 106 after the Nikkei 225 topped in April. While the BOJ could mention the risks of a stronger Yen again, intervention may not be ... (full story)