• US Treasury would accept Japanese intervention to sell USD/JPY should it make a quick move to 152.00 – ING

Noticias del mercado

14 febrero 2024

US Treasury would accept Japanese intervention to sell USD/JPY should it make a quick move to 152.00 – ING

The broad-based Dollar rally has taken USD/JPY well above 150.00. Economists at ING analyze the pair’s outlook.

Intervention cannot completely be ruled out

Because this is a Dollar rather than a Yen-led move, the consensus view is probably that Japanese authorities will not be able to justify any FX intervention. 

We are not so sure and suspect the US Treasury would again accept Japanese intervention to sell USD/JPY should it make a quick move to 152.00. At just 7.45%, one week USD/JPY implied volatility seems too low in that intervention cannot completely be ruled out.

 

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: