USD/JPY: Intervention risk caps upside – BBH
BBH’s Elias Haddad highlights that the Dollar is broadly firmer, but intervention warnings from Japanese officials are supporting the Japanese Yen.
BBH's Elias Haddad notes that the Dollar is broadly stronger, yet intervention concerns from Japanese authorities are bolstering the Yen. Japan's leading currency envoy, Atsushi Mimura, advises markets to heed Tokyo and Washington's explicit warning about Yen weakness. BBH anticipates USD/JPY to oscillate between 155.00 and 160.00 in the short term as these factors restrain price movements.
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