Preview of Quiet Economic Calendar in Asia on Tuesday, 26 March 2024
Monday, 25 March 2024, 19:57
Asia Economic Calendar Overview
There isn't much here to move the FX around too much upon release. With USD/JPY well above 151.00 still, be on the lookout for verbal intervention from Japan again. Yesterday this put a dent in USD/JPY for a little while.
Key Highlights:
- Japan Kanda says closely watching FX moves with high sense of urgency
- BOJ not under pressure to accelerate rate hikes at pace that is seen in western countries
Verbal Intervention Patterns:
- Back to verbal intervention, Kanda was more forceful yesterday, conforming to a known pattern
- Here's what to watch for to warn of imminent Bank of Japan (BOJ) yen intervention
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.