INTERVENTION STILL A THREATUSD/JPY TRADES HIGHER AS USD FINDS ITS FEET. INTERVENTION STILL A THREAT
USD/JPY recovers after last week’s losses on possible intervention and weak US jobs data.
Janet Yellen’s mild criticism of intervention may have helped the pair higher.
Japanese currency officials continue to threaten intervention, filling the road higher with “potholes”.
USD/JPY trades at 154.35 on Tuesday, up almost three tenths of a percentage point, mainly as a result of the US Dollar (USD) ending its post-FOMC losing streak and recovering on the back of comments from Federal Reserve (Fed) officials suggesting they are not in a hurry to cut interest rates.
The maintenance of higher interest rates for longer and further delaying of possible cuts is beneficial for the USD as it attracts more foreign capital inflows. This, and the fact that – in the case of USD/JPY – interest rates in the US are so much higher than in Japan, further aids USD and disproportionately disadvantages JPY.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
