USD/JPY to hover around 150.00 into year-end amid prolonged FX intervention campaign – ING USDJPY Japan
“We are not making the argument that there is a clear line in the sand at 150.00 for Japanese authorities , but it’s likely that allowing a move above 150.00 may well trigger an acceleration of the JPY sell-off which is exactly what Japan is trying to avoid.”
“Our view is that a prolonged FX intervention campaign in Japan will keep USD/JPY around 150.00 into year-end.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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