USD/JPY: A reversal in the trend would require market dynamics to change – OCBC

Market news

4 July 2023

USD/JPY: A reversal in the trend would require market dynamics to change – OCBC

Economists at OCBC Bank discuss policymakers’ readiness to act on JPY’s weakness.

If USD/JPY trades volatile by another 2-3 JPY intra-day, then authorities could really act

If USD/JPY trades volatile by another 2-3 JPY intra-day, then authorities could really act. That said, such activities (jawboning, etc.) probably only serve to slow the pace of USD/JPY upticks especially if the uptrend remains intact.

A reversal in the trend would require market dynamics to change (i.e. USD to turn or yield differentials to narrow, etc.).

Currencies. Daily history for Tuesday, July 4, 2023

Commodities. Daily history for Monday, July 3, 2023

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