Japanese Prime Minister Kishida without comment.
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As for my subtitle of this article, yes… absent further intervention (if that is what it was), USD/JPY will be saved:
Earlier:
- Japanese Kanda believes that appropriate measures must be taken in the foreign exchange market
- How to confirm Japanese intervention on the yen (TL;DR wait until the end of May!)
- UBS on the yen: “Looks like an intervention”, although it is unlikely to have a lasting impact
This article was written by Eamonn Sheridan at www.forexlive.com.
cnbctv18-forexlive
