USD/JPY: Intervention supports gradual downside view – MUFG MUFG’s Michael Wan highlights that Japanese authorities likely intervened in FX markets as USD/JPY dropped from near 160 to below 157, with estimated operations of JPY5-6 trillion.
USD/JPY: Intervention supports gradual downside view – MUFG MUFG’s Michael Wan highlights that Japanese authorities likely intervened in FX markets as USD/JPY dropped from near 160 to below 157, with estimated operations of JPY5-6 trillion. He notes these efforts mirror past interventions in 2022 and…
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