Published: 2024-11-07T01:09:08.000Z
USD/JPY flows: Jawboning curb the strong gains for now
FX Analyst
2
Atsushi Mimura says closely watching market moves with high sense of urgency
After jumping three figures on Trump's election, the finance minister of Japan came out with more verbal intervention. While it is quite understandable, it is hard to see the BoJ to do an actual intervention at current level as JPY has seen worse days. The latest style of intervention is likely riding the wave, so unless we see a correction wave, there may not be an intervention for now.
USD/JPY is trading 0.12% lower at 154.43.