Long July for yen traders, days at the mercy of economic indicators, intervention, and political risks
2024/7/5 15:04 JST (some excerpts)
Determining FRB Chairman Powell's semi-annual monetary policy report and Japan-US price indicators
“Excessive Fluctuations” to Watch Out for, Two Regularities in 2022 Interventions
July seems like it's going to be a long, uneasy month for exchange traders. While observations surfaced that additional interest rate increases will be decided at the same time as the reduction plan for government bond purchases at the Bank of Japan's monetary policy meeting at the end of the month, there is no end in sight as the depreciation of the yen progresses, and the days of being exposed to the risk of yen buying intervention by the government and the Bank of Japan continue.
Determining FRB Chairman Powell's semi-annual monetary policy report and Japan-US price indicators
“Excessive Fluctuations” to Watch Out for, Two Regularities in 2022 Interventions
July seems like it's going to be a long, uneasy month for exchange traders. While observations surfaced that additional interest rate increases will be decided at the same time as the reduction plan for government bond purchases at the Bank of Japan's monetary policy meeting at the end of the month, there is no end in sight as the depreciation of the yen progresses, and the days of being exposed to the risk of yen buying intervention by the government and the Bank of Japan continue.
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