News: 2012-08-20 11:16:00 UTC+00

Research: High Intervention Risk for Usd/jpy Below 78

Quotes from Barclays Capital:

-Since the massive JPY selling intervention last October, Japanese officials have indicated that the level of the JPY rather than the speed or volatility is their concern and the reason for the intervention.

-And they intensified their verbal intervention when USD/JPY approached and briefly broke 78 yen at the end of July, reinforcing market fears of intervention around 78 yen.

-We think that the chance of actual intervention is high around 78 yen and thus the downside risk from that level is limited

Published: 2012-08-20 11:16:00 UTC+00 9 months, 3 days, 10 hours, 39 min. ago
 
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