USD/JPY Update After Suzuki's Verbal Intervention

Friday, 29 March 2024, 00:57

The post discusses the implications of Suzuki's strong verbal intervention on the USD/JPY currency pair, signaling a possible move towards rate checks and intervention. The article highlights the impact of rapid and speculative FX moves and Suzuki's willingness to take steps to respond to disorderly FX conditions. This development could lead to significant changes in the forex market dynamics.
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USD/JPY Update After Suzuki's Verbal Intervention

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):


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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