Yen And Won Surge Then Fade After Rare Intervention
Rare Japan-South Korea intervention is testing whether USD/JPY can move back below 160 after the BOJ held rates steady.
What happened
Rare Japan-South Korea intervention is testing whether USD/JPY can move back below 160 after the BOJ held rates steady.
Why it matters
The initial move mattered, but the follow-through matters more after USD/JPY moved back near 160.64, the won turned nearly 1% weaker, and the BOJ held rates at 1%.
Transcript
Rare Japan-South Korea intervention is testing whether USD/JPY can move back below 160 after the BOJ held rates steady. The initial move mattered, but the follow-through matters more after USD/JPY moved back near 160.64, the won turned nearly 1% weaker, and the BOJ held rates at 1%. The next signal is whether USD/JPY moves back below 160 after the BOJ held rates steady. FreshInsight delivers source-grounded finance briefs for market professionals. Source: Reuters Not financial advice. For information and education only.
Primary sources
Reuters
Distribution
YouTube / Y6hlU6x_9-c
Topics
usdjpy, bank-of-japan, finance-shorts, finance-news, japanese-yen, korean-won, currency-intervention, japan-economy, south-korea-economy, forex-markets
Disclaimer
Information and education only. Not financial advice.