Former Diplomat Speculates on Conditions for USDJPY Intervention

Thursday, 4 April 2024, 05:04

Former top Japanese FX diplomat, Watanabe, shared insights on potential intervention conditions, suggesting that USDJPY would need to rise above 155 for action. Speculation arises amidst uncertainty, with recent meetings hinting at a challenging threshold for intervention near 155.
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Former Diplomat Speculates on Conditions for USDJPY Intervention

Diplomat's Insights on Foreign Exchange

Former Japanese diplomat, Watanabe, discussed the likelihood of intervention if USDJPY surpasses 155, adding tension to market speculations. It remains uncertain when intervention may occur but recent high-level discussions have highlighted the threshold. The market watches closely for any signs of potential action.


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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