#ministry of finance

The post Japanese Yen: Choppy trade versus US Dollar around intervention line – OCBC appeared on BitcoinEthereumNews.com. OCBC’s FX Christopher Wong describes USD/JPY as a two-way trade after suspected Ministry of Finance (MoF) intervention capped gains near 160. He notes bearish daily momentum but says fundamentals are not decisively Japanese Yen (JPY)-positive, with higher Oil prices still a drag. The pair is expected to stay choppy, driven by Oil swings, with support from 155.40 and resistance up to 158.70. Intervention risk tempers upside bias “USD/JPY traded near recent lows last week. Price action remains a two-way trade after recent suspected MoF intervention helped cap upside near the 160-handle.” “While intervention risk may keep JPY shorts more cautious, the fundamental backdrop is not yet decisively JPY-positive. Higher oil prices remain a terms-of-trade drag on JPY. “ “Near term, USD/JPY may stay choppy, driven by swings in oil prices. Pair was last at 156.70 levels. Bearis

The post Japanese Yen : Intervention support and rate path – Rabobank appeared on BitcoinEthereumNews.com. Rabobank’s Senior FX Strategist Jane Foley discusses the Japanese Yen (JPY), noting that expected endorsement from the United States (US) Treasury for recent Ministry of Finance (MoF) FX intervention should support the currency in the near term. However, Foley argues USD/JPY will only convincingly move lower if Japan’s fundamentals strengthen further and the Bank of Japan (BoJ) continues tightening policy, alongside a dovish Federal Reserve (Fed) outlook. Yen support hinges on policy trajectory “The visit of US Treasury Secretary Bessent to Japan this week is widely expected to bring an endorsement of the MoF’s recent FX intervention.” “Confirmation that the US Treasury has supported the recent steps taken by the MOF to support the JPY would likely keep it underpinned in the near-term.” “Further out, however, the market will need greater reassurance regarding a strengthening in Ja