Policy hints and intervention risk support Yen – Deutsche Bank

Policy hints and intervention risk support Yen – Deutsche Bank

Deutsche Bank analysts note the Japanese Yen (JPY) has strengthened modestly against the US Dollar (USD) as officials flag speculative FX activity and warn that decisive action may soon be necessary. The Bank of Japan’s (BoJ) Summary of Opinions contained hawkish elements, including discussion of potentially accelerating rate hikes if Middle East tensions persist, supporting […]

Pulls back on intervention talk, bias stays up

Pulls back on intervention talk, bias stays up

The USD/JPY pair retreats sharply from the vicinity of mid-160.00s, or a fresh high since July 2024, touched during the Asian session on Monday, and for now, seems to have snapped a four-day winning streak. Spot prices drop to a fresh daily trough, around the 159.70-159.65 region in the last hour, though the downside potential […]