Yen Losses Capped By Intervention Risks

Intervention risks limit USD/JPY near 160 The Japanese Yen has reacted modestly to rising September Bank of Japan hike odds. The odds of a September hike have risen to 80%, from 50% at the start of August. A sustained Yen recovery likely needs clearer commitment

Intervention risks limit USD/JPY near 160

The Japanese Yen has reacted modestly to rising September Bank of Japan hike odds.

The odds of a September hike have risen to 80%, from 50% at the start of August.

A sustained Yen recovery likely needs clearer commitment to faster policy normalisation, with intervention risks capping USD/JPY near 160.

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