Weekly Fundamental Japanese Yen Forecast: Intervention Matters Little
Intervention efforts may have weighed on USD/JPY rates, but the Japanese Yen was broadly weaker over during the final week of October.
Source: dailyfx.com
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Intervention efforts may have weighed on USD/JPY rates, but the Japanese Yen was broadly weaker over during the final week of October.
The Ministry of Finance’s efforts are unlikely to produce a lasting reversal in the Yen, so long as the Bank of Japan’s QQE with yield curve control policy remains in place.