USD/JPY has benefited from another backdraught of late after it was revealed that Janet Yellen was not as supportive of Japan and Korea using intervention to prop up their currencies as had been thought – especially after their recent currency summit.
In words over the weekend, Yellen was more critical, saying she’d prefer it if intervention was only used on rare occasions and that the US was notified prior to the event.
“US Treasury Secretary Janet Yellen’s observation that FX intervention should be rare, and accompanied by consultation, doesn’t suggest a weaker Dollar is particularly desirable,” said Kit Juckes, FX Strategist at Societe Generale in a note on Tuesday.
“It will embolden Yen bears…but whether we see another test, or a break of USD/JPY 160, depends more on the CPI data than anything else,” he added.
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.
