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JPY: Staying on intervention alert

From home.saxo

Event risk from NFP and thin market liquidity are key reasons to stay on another intervention alert on JPY. There is also no major US data next week, which could mean any resulting yen strength could be more sustainable. Scope for USDJPY to sub-150 levels. JPY traders – here are four reasons to stay on intervention alert: Previous interventions this week occurred following major events. The first intervention took place after the Bank of Japan's meeting last Friday and was executed during Monday's Asia session. The second intervention followed the FOMC meeting and occurred late in the New York session. Today, another ... (full story)

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  • Category: Fundamental Analysis