Published: 2024-10-07T05:23:28.000Z

USD/JPY flows: Verbal Intervention resurfaces

byCephas Kin Long Yung

FX Analyst
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Japan's yen intervention official says will monitor FX including speculative movement

Japan finance minister Kato says there are pros and cons to the weak yen

 

The USD/JPY has weakened significantly since the end of September and seems to have drawn the attention to the Japanese officials. 

This verbal intervention does not seem to provide us with new information yet USD/JPY has been depressed at 148.54 since.

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