USD/JPY Forecast: Expectations and Analysis for Upcoming Intervention Level

Wednesday, 10 July 2024, 14:10
The forecast for USD/JPY by ING's FX Analyst Francesco Pesole highlights the potential intervention level close to 165. Verbal interventions from Japan have been deemed ineffective, leading to sustained volatility that could drive USD/JPY higher. The analysis suggests that crossing the 165 mark may trigger significant market reactions.

USD/JPY Forecast by ING Analyst

The forecast by ING's analyst Francesco Pesole reveals insights into USD/JPY movements.

Intervention Level Near 165

The prediction indicates a crucial intervention level close to 165.

Market Reactions Expected

The ineffectiveness of Japan's verbal interventions could lead to increased volatility.

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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