Potential for Adjustment in the One-Sided Movement of USD/JPY as Kanda Finance Minister Sounds Alarm
Recently, the USD has steadily climbed, but corrections have been shallow. The value barely moved in response to Finance Minister Kanda’s remarks, his first yen-weakening intervention in two weeks. This might be due to the combined effect of rising US bond yields, increasing concerns about inflation due to high oil prices, and the weakening […]
Will the one-sided movement of USD/JPY be prone to adjustment? Kanda Finance Minister sounds a warning
Today, the upward movement of USD/JPY has paused. In the morning, Finance Minister Kanda made a rare statement of concern about excessive yen depreciation. Initially, the market’s reaction to this statement was relatively mild, with the yen strengthening by around 20 sen, but later there was an attempt to push USD/JPY below the 147 […]