Market Vigilance Over Japanese Intervention Limits USD/JPY Gains as Pair Approaches 163 on June 29

USDJPY0.10%
According to Nomura's global FX strategy team, as reported by Jin10 on June 29, market vigilance over potential Japanese intervention has limited USD/JPY gains. The analysts noted that as the pair approaches the 163 level, the likelihood of intervention by Japan's Ministry of Finance increases, based on historical precedent where Japan conducted buy-yen interventions twice in both 2022 and 2024.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments