USD/JPY Update After Suzuki's Verbal Intervention
Friday, 29 March 2024, 00:57
USD/JPY Update: Impact of Suzuki's Verbal Intervention
Keywords used by Suzuki included:
- rapid
- FX moves
- speculative moves
- won't rule out any steps to
- respond to disorderly FX
These are of a more stringent nature than the 'watching closely' sort of mumbling we usually get. These indicate we are moving closer to 'rate checks' and then actual intervention. USD/yen update (looks dramatic but check the scale):
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