Japanese Yen: Intervention risk stays elevated – MUFG
MUFG’s Lee Hardman notes that the US Dollar’s (USD) rebound alongside higher Oil prices has lifted USD/JPY back towards 158.00, close to levels seen before suspected Japanese intervention.
The USD/JPY pair is likely to face upward pressure as the US Dollar strengthens and oil prices rise. This could lead to further intervention risks from Japanese authorities if the pair approaches critical levels.
MUFG’s Lee Hardman notes that the US Dollar’s (USD) rebound alongside higher Oil prices has lifted USD/JPY back towards 158.00, close to levels seen before suspected Japanese intervention.
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