USD/JPY trades with modest losses below mid-144.00s amid intervention fears, softer risk tone – by hareshmenghani USDJPY BOJ Fed Inflation Currencies
upply during the Asian session on Thursday. Spot prices currently trade around the 144.35 region, down 0.35% for the day, though remain well within a familiar band held over the past one-and-half-week or so.
The potential risk of intervention by Japanese authorities above the 145.00 psychological mark, along with a weaker tone around the equity markets, benefits the Japanese Yen and exerts pressure on the USD/JPY pair. Against the backdrop of worries about a global economic downturn, the worsening US-China relations turn out to be a key factor weighing on investors' sentiment.
That said, a more dovish stance adopted by the Bank of Japan might keep a lid on any meaningful gains for the JPY and help limit the downside for the USD/JPY pair, at least for the time being. Investors seem convinced that BoJ's negative interest-rate policy will remain in place at least until next year.
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